US: Wall Street opens at record highs on US-China trade hopes
WALL Street’s main indexes opened at record highs on Monday (Oct 27), as expectations of a US-China trade truce fuelled risk-taking in a week packed with Big Tech earnings and a likely Federal Reserve rate cut.
As at 09.30 am ET, the Dow Jones Industrial Average rose 315.67 points, or 0.67 per cent, to 47,530.09, the S&P 500 gained 63.83 points, or 0.92 per cent, to 6,856.09 and the Nasdaq Composite gained 335.24 points, or 1.45 per cent, to 23,544. REUTERS
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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