미중 1단계 무역합의, 조만간 최종 마무리되나...S&P 사상 최고치<br /><br />Are the world's two largest economies finally closing in on a trade deal?<br />With hopes rising that the trade war could be ending soon,... U.S. stocks hit a record high on Monday, local time... while stocks in Asia rose as well.<br />Our Hong Yoo starts us off.<br />The S&P 500 hit a record high on Monday local time on increased optimism over a U.S.-China trade deal and anticipation of a rate cut by the Federal Reserve later this week.<br />The benchmark S&P rose 0-point-56 percent to close up at 3,039-point-42, breaking the record high of 3,035-point-86 hit on July 26.<br />One of the most notable blue-chip indices, the Dow Jones Industrial Average closed less than 1 percent away from topping its record closing level with 27,090-point-21.<br />And the Nasdaq Composite technology index rose 1-point-01 percent to 8,325-point-99.<br />This comes after U.S. President Trump told reporters on Monday that a significant part of the trade deal with China could be signed ahead of schedule.<br />Trump called this the "Phase One" agreement,… stressing it is a very big portion of the China deal.<br />Washington and Beijing held working-level trade talks in Washington earlier this month,... following which President Trump said a practical agreement had been reached.<br />Trump said the practical agreement would "take care of the farmers" and "also take care of a lot of the banking needs."<br />The leaders of the world's two largest economies are working to sign a trade deal on the sidelines of the APEC summit to be held in Chile next month.<br />The U.S. Trade Representative announced on Monday that it is considering extending tariff suspensions on 34 billion U.S. dollars of Chinese exports set to expire on December 28th.<br />The agency will take comments on that proposition during November before making its final decision.<br />Hong Yoo, Arirang News.<br />
