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US-China trade optimism lifts Wall Street to record high

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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: Technology stocks pushed Wall Street's three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite.

The Philadelphia Semiconductor index touched a fresh record high, with the index last up 1.4per cent. Investors also took comfort from data on Friday that showed U.S. jobs growth slowed less than expected in October. Under Armour Inc fell 14.6per cent as it lowered its full-year revenue forecast for a second straight time, a day after it confirmed a federal probe related to its accounting practices.

 

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