Wall Street advances on trade war truce; Russell 2000 hits record [Reuters]
General Electric Company (GE)
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Source: Reuters
Wall Street advances on trade war truce; Russell 2000 hits record | Reuters 4 Min Read (Reuters) - U.S. stocks rallied on Monday after the United States and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also boosted by the nearly $28 billion worth of merger deals. The truce sparked a broad rally, with the Dow Jones Industrial Average .DJI touching a session high of more than two months and the small-cap Russell 2000 hitting a record high for the fourth straight session. U.S. Treasury Secretary Steven Mnuchin said on Sunday the United States and China had agreed to drop their tariff threats, while China on Monday praised a significant dialing back of tensions. “I suspect that we’ll continue to trend higher sans some major disappointing news,” said Gordon Charlop, managing director at Rosenblatt Securities in New York. “This is an indication of what we’ll see near term, because we are through earnings, relatively light on macro data, and w
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