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Wall Street indexes to open at record highs on US-China trade optimism

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U.S. stock index futures rose on Monday, buoyed by hopes of a U.S.-China trade deal and an improving domestic economy that led the S&P 500 and ...

REUTERS: Wall Street's three main indexes were set to open at record highs on Monday, buoyed by hopes of a U.S.-China trade deal and an improving domestic economy.

"Investors are betting that some sort of a deal is on its way, not a whole deal but something that will at least avoid a recession. And markets can live with that," he added. A robust third-quarter earnings season has also added to an upbeat mood, with about 76per cent of the 356 S&P 500 companies that have reported results so far beating profit expectations, according to Refinitiv data.

 

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