The Dow Jones Industrial Average .DJI rose 57.44 points, or 0.21%, to 26,827.64, the S&P 500 .SPX gained 20.52 points, or 0.69%, to 3,006.72 and the Nasdaq Composite .IXIC added 73.44 points, or 0.91%, to 8,162.99.
U.S. President Donald Trump continued to strike optimistic tones, while White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
Stocks have also benefited from the steepening U.S. Treasury yield curve as well as better-than-expected corporate earnings thus far, said Mona Mahajan, U.S. investment strategist at Allianz Global Investors in New York. In Monday’s trading, the S&P 500 rose above 3000 to come within 0.7% of its record closing high.
· Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit.
A holiday in Tokyo kept turnover light and MSCI’s broadest index of Asia-Pacific shares outside Japan added a slight 0.13%.
South Korean stocks .KS11 rose 0.4%, while E-Mini futures for the S&P 500 ESc1 were little changed.
U.S. President Donald Trump sounded upbeat on a China deal on Monday, while White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
Reference: Reuters, CNBC
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