Wall Street hovers near record levels after US extends Huawei reprieve

Topics Wall Street | US stocks | Dow Jones


Wall Street hovered around record levels on Monday after Washington's move to grant an extension for US companies to do business with China's Huawei helped ease some concerns around US-China trade relations. The benchmark S&P 500 and blue-chip Dow Jones indexes hit fresh record highs, while the Nasdaq was near its all-time level.

The three main indexes had opened lower after CNBC reported that the mood in Beijing about a deal was pessimistic due to President Donald Trump's reluctance to roll back tariffs. Investors.

This article is no longer available in our repository.

There could be multiple reasons for this.