The S&P 500 hit a record high in early trading Monday as markets responded to strong earnings and reports of progress on the U.S.-China trade talks.
The S&P 500 rose more than 0.6% in the first 30 minutes of trading, to soar above 3,027.98, the record set on July 26.
The Dow Jones Industrial Average gained about 175 points, or 0.65%, in early trading. The Nasdaq climbed 0.6%.
President Trump, speaking to reporters Monday before departing Washington on a trip to Chicago, said trade talks with China are “ahead of schedule” for completing phase one of a deal at a summit in Chile next month.
Chinese leaders said over the weekend that the language for the first part of the deal is essentially completed.
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