Boom! America’s S&P 500 index has closed at a new alltime high, although today’s rally did fade by the end of the session.
Wall Street investors have given a steady thumbs-up to Saturday’s news that China and the US will resume trade talks.
Here’s the closing prices:
Dow Jones industrial average: up 111 points of 0.42% at 26,711
S&P 500: up 22 points or 0.75% at 2,963.83 points
Nasdaq: up 82.95 points or 1% at 8,089.19
Technology stocks led the way, on relief that America won’t impose new tariffs on electronics goods made in China. Financial stocks also gained, along with consumer goods makers and miners (whose commodities should be in higher demand without a trade war).