Wall Street opens at record high on optimism over US-China trade deal

The Dow Jones Industrial Average rose 54.70 points, or 0.20%, at the open to 27,402.06

Wall Street's three main indexes hit record highs on Monday, lifted by gains in energy and technology stocks on hopes of a U.S.-China trade deal and an improving domestic economy.

U.S. officials on Friday indicated that a trade deal with China could be signed this month, with risk sentiment also boosted by Commerce Secretary Wilbur Ross saying on Sunday that licenses for U.S. companies to sell components to Huawei Technologies Co Ltd would come "very shortly".

Eight of the 11 major S&P 500 sectors were higher, with energy gaining the most, up 3.13%, as oil prices rose.
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