More Record Highs
U.S. stocks rose for the seventh time in eight weeks as investors took cues from a new batch of optimistic trade headlines. The S&P 500 Index gained 1% during the holiday-shortened week, notching three record high closes along the way. Stocks jumped on Monday after China announced it would tighten rules on intellectual property, a step forward in one of the United States’ primary talking points in trade discussions. Equities then pushed higher on several headlines indicating that both parties are close to signing a limited trade agreement, even though President Donald Trump signed into law a bill supporting Hong Kong protestors.
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