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S&P 500 hits fresh all-time high, boosted by strong earnings and US, China trade progress Updated: 2019-10-29 05:51:28 KST

U.S. stocks climbed to a record on Monday as rising optimism for a trade deal with China combined with solid earnings and bets the Federal Reserve will cut rates.
The S&P 500 hit a record high as investors cheered strong earnings and progress on U.S.-China trade.
The S&P 500 rose point-6 percent to 30-39 closing above 30-28, the record set on July 26th.
The Dow Jones Industrial Average gained one half a percent while the Nasdaq Composite climbed one percent.
On the Korean bourse, shares closed higher for the third session Monday as investors cheered the progress in talks between the United States and China over their protracted trade dispute.
The benchmark KOSPI added point-3 percent while the tech-heavy KOSDAQ closed flat.
Oil prices fell on Monday, ending their last week's four-session consecutive gains, as the market weighed the supply side of the global crude market.
The West Texas Intermediate for December delivery fell 1.6 percent to settle at 55 dollars and 77 cents a barrel on the New York Mercantile Exchange.
Brent crude for December delivery dropped point-7 percent to close at 61-60 a barrel in London.
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