(CNBC) -- Stocks rose on Monday as the market’s rally to record highs resumed amid increasing expectations that China and the U.S. will reach a so-called phase one trade deal.
The S&P 500 and Nasdaq Composite hit record highs as they rose 0.6% and 1.2%, respectively. The Dow Jones Industrial Average climbed 140 points, or 0.5% and remained about 0.3% below its all-time high.
President Donald Trump tweeted about the record, saying: “Enjoy!”
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