US stocks climb toward record highs on signs of trade progress, earnings optimism

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The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all finished higher on Tuesday in US trading.

Bloomberg reported that US Trade Representative Robert Lighthizer and other senior negotiators are expected to be in China through Wednesday to restart high level talks between the two countries. President Trump and Chinese President Xi Jinping hold-off on imposing additional tariffs at the G20 summit in June.

Stocks were also lifted by greater optimism toward corporate earnings as hundreds of companies continued to report second quarter results.

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