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Wall Street hits fresh record on trade, earnings optimism

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U.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as ...

REUTERS: U.S. stock indexes hit fresh record highs on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as the start of the fourth-quarter corporate earnings season.

Adding to the positive mood, Bloomberg reported, citing sources that the Trump administration planned to lift its designation of China as a currency manipulator. Analysts expect profits at S&P 500 companies to drop 0.6per cent for a second consecutive quarter, according to Refinitiv IBES data.

 

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