US stocks hit all-time high on rising optimism for trade deal with China

The week greeted investors with several doses of positive news, as the signs of progress joined with expectations for further monetary stimulus from the Fed after its Wednesday meeting

US stocks reclaimed an all-time high after three months, with the final leg coming on rising optimism for a trade deal with China. Treasuries slumped at the start of a a week packed with earnings and the Federal Reserve’s policy decision.

The S&P 500 took out its July record after President Donald Trump said the US is ahead of schedule to sign part of the trade deal. Microsoft jumped to a after winning a Pentagon contract, while AT&T climbed following a board shuffle. Tiffany surged after LVMH said it held discussions with the jeweler. PG&E plunged on liability risk from