Stocks notched new record closing highs to start Fed week as market participants cheered encouraging U.S.-China trade headlines. A big rally in tech stocks ahead of this week's onslaught of mega-cap earnings also helped start the week on a high note.
At the close, the Dow Jones Industrial Average was up 0.7% at 47,544, the S&P 500 was 1.2% higher at 6,875, and the Nasdaq Composite had gained 1.9% to 23,637 – new record highs for all three indexes.
