Markets Right Now: Trade hopes send stocks higher
NEW YORK, NY (AP)—Stocks are closing at more record highs as traders welcomed new signs of progress in trade talks between the U.S. and China.
Technology and health care companies made some of the biggest gains Monday.
Intel rose 2.1% and Gilead Sciences climbed 3%.
Several stocks were moving on deal news. Tiffany jumped 6.2% after French luxury company LVMH agreed to buy it for $16.2 billion.
TD Ameritrade soared 7.6% after rival discount broker Charles Schwab agreed to take it over for $26 billion.
The S&P 500 rose 23 points, or 0.8%, to 3,133.
The Dow Jones Industrial Average rose 190 points, or 0.7%, to 28,065. The Nasdaq added 112 points, or 1.3%, to 8,632.
Bond prices rose. The yield on the 10-year Treasury fell to 1.76%.