US stocks open at record highs on US-China trade hopes

Wall Street's main indexes opened at record highs on Monday, as expectations of a U.S.-China trade truce fueled risk-taking in a week packed with Big Tech earnings and a likely Federal Reserve rate cut.

At 09:30 a.m. ET, the Dow Jones Industrial Average rose 315.67 points, or 0.67 percent, to 47,530.09, the S&P 500 gained 63.83 points, or 0.92 percent, to 6,856.09 and the Nasdaq Composite gained 335.24 points, or 1.45 percent, to 23,544.00.

REUTERS