US: Wall Street opens at record highs on US-China trade hopes

WALL Street’s main indexes opened at record highs on Monday (Oct 27), as expectations of a US-China trade truce fuelled risk-taking in a week packed with Big Tech earnings and a likely Federal Reserve rate cut.

As at 09.30 am ET, the Dow Jones Industrial Average rose 315.67 points, or 0.67 per cent, to 47,530.09, the S&P 500 gained 63.83 points, or 0.92 per cent, to 6,856.09 and the Nasdaq Composite gained 335.24 points, or 1.45 per cent, to 23,544. REUTERS