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Stock Market Closes with New Highs After U.S., China Reach a Framework in Trade Deal


The stock market on Monday closed at record highs, one day after the Trump administration

announced that the United States and China have agreed to a “substantial framework” in trade talks. The framework comes as Chinese leader Xi Jinping and President Donald Trump are set to meet in South Korea on Thursday. The S&P 500 climbed 1.23% to 6,875.16, marking the first time it’s ever closed above 6,800 points, according to CNBC. The Nasdaq Composite rose 1.86% to 23,637.46, and the Dow Jones Industrial Average jumped 337.47 points to 47,544.59.

 
 
 

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