Dow opens at record high amid China deal optimism

Monday, 04. November 2019 15:31

Wall Street equities opened in the green on Monday after officials from the United States and China gave encouraging statements regarding the "phase one" trade deal. The spokesman for the Chinese Foreign Ministry, Geng Shuang, said earlier in the day that the country's President Xi Jinping and his American counterpart Donald Trump have been communicating about the trade agreement all along, while Trump announced yesterday that the first phase of the trade deal with China will be signed "somewhere in the US."

The Dow Jones Industrial Average index hit a record of 27.489.81 points, or 0.53%, at the open. The Walgreens Boots Alliance's stock surged 1.95% at 9:46 am ET.

The Nasdaq 100 added 0.62% at 9:32 am ET. Internet company NetEase was the best performer, growing 3.77% at 9:39 am ET.

The S&P 500 climbed 0.54% at 9:32 am ET. Tech company Xilinx led the gains at 9:49 am ET, increasing by 4.66%.

The euro was 0.11% lower against the dollar to trade at 1.11533 at 9:35 am ET, while the pound decreased by 0.24% compared to the greenback, going for 1.29074 at 9:34 am ET.

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Breaking the News / MS