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Barchart
Rich Asplund

Stocks Post Modest Gains on Signs of Progress in US-China Trade Talks

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.09%, the Dow Jones Industrials Index ($DOWI) (DIA) closed unchanged, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.17%.  June E-mini S&P futures (ESM25) are up +0.03%, and June E-mini Nasdaq futures (NQM25) are up +0.07%. 

Stock indexes on Monday settled slightly higher, with the S&P 500 posting a 3-1/2 month high.  Signs of progress in the US-China trade talks pushed stock prices higher on Monday after trade negotiators for both countries agreed to meet again on Tuesday.  Gains in stocks accelerated on Monday when Kevin Hassett, head of the National Economic Council, said the US is willing to remove restrictions on some tech exports to China for assurances that China will ease limits on rare earth shipments. 

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