U.S. stocks started the week on a higher note as market participates look forward to the signing of the first part of a U.S.-China trade deal. The S&P 500 Index increased to a new midday high on Monday after reports that the U.S. is planning to remove China for a list of countries designated as currency manipulators. The U.S. Treasury Department had designated China as a currency manipulator back in August, a decision that signaled escalating U.S.-China tensions. The decision is expected to be formalized in a Treasury Department report, according to Bloomberg.
Here's how the market settled at the beginning of a big week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, Tesla's
In Stock Sector News, every sector but Health Care, who declined -0.35% on Monday, had stock share growth in current U.S. markets. The sector increases are as follows: Materials +1.36%, Information Technology +1.34%, Real Estate +1.24%, Industrials +0.89%, Communication Services +0.78%, Financials +0.73%, Consumer Staples +0.68%, Utilities +0.66%, Consumer Discretionary +0.32% and Energy +0.08%.
Lastly, in Commodity and Currency News, oil prices have remained steady on Monday despite further tensions from Iran. Over the weekend, Iran admitted to it had accidentally fired a missile and downed a Ukrainian passenger plane last Wednesday. West Texas Intermediate's (NSYE: USO) barrel prices dropped over -1.70% and Brent Crude's