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U.S. Stocks Rise to Records as Treasuries Slump: Markets Wrap

  • More progress toward breakthrough in trade talks boosts stocks
  • Banks, industrials lead European gains; oil gains, gold falls
Bloomberg business news
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U.S. stock benchmarks climbed to all-time highs, while Treasuries tumbled as trade optimism fueled demand for risk assets.

The Dow Jones Industrial Average climbed Monday to claim its first record since July. The S&P 500 and Nasdaq indexes also hit new highs after a report that the U.S. and China are closing in on a partial trade deal and the Federal Reserve cut interest rates last week. The 10-year Treasury yield rose to 1.78% and the dollar advanced versus major peers.