Deals
U.S. Stocks Rise to Record Highs; Treasuries Rally: Markets Wrap
- Crude oil increases as U.S. inventories seen falling
- Brazil intervenes to prop up real after drop to record low
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U.S. equities closed at all-time highs for a second consecutive day after President Donald Trump said he’s been talking to Chinese President Xi Jinping and that they continue to work for a trade deal. Treasuries rose.
The S&P 500, Dow Jones Industrial Average and Nasdaq Composite climbed to fresh records. China said earlier that negotiators “reached consensus” on certain issues in a phone call and agreed to stay in contact on the remaining points. The Stoxx Europe 600 Index edged higher for a third day, while Asian shares were mixed.