Stocks got a boost as agreements with as many as a dozen trading partners are expected to be completed by President Donald Trump’s July 9 deadline, even as the White House appears to be falling short of the sweeping global trade reforms it promised.
US stocks rose, closing at a fresh record as investors cheered progress in trade negotiations between the Trump administration and key partners as a tariff deadline nears.
The S&P 500 Index rose 0.6%, extending a rally that pushed the benchmark to its first new high since February on Friday. The index closed above 6,200, soaring 25% from an early April low. The Nasdaq 100 Index climbed 0.6%. The VIX Index hovered near 16.5. Hewlett Packard Enterprise Co. rose 11%, the most in the S&P 500, after the Department of Justice settled its lawsuit challenging the firm’s takeover of Juniper Networks.
