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US stocks jumped after Washington and Beijing eased trade tensions

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US stocks jumped after Washington and Beijing eased trade tensions

U.S. stocks soared to new record highs at the open today, after U.S. and Chinese officials eased trade tensions over the weekend.

This will lay the groundwork for the American and Chinese presidents, Donald Trump and Xi Jinping, to reach a trade agreement this week, reports Bankar me.

The Dow Jones stock index rose 248 points or 0.5 percent, the S&P 500 by 1.0 percent, and the Nasdaq by 1.6 percent.

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