Wall Street ends higher on optimism over trade talks

Wall Street ends higher on optimism over trade talks

(Reuters) - The major U.S. stock indexes rose on Monday as optimism over talks between the United States and China provided a boost to trade-sensitive stocks in the industrial, energy and materials sectors.

But stocks pulled off their session highs minutes before the closing bell after U.S. President Donald Trump criticized the Federal Reserve for raising interest rates.

The Dow Jones Industrial Average <.DJI> rose 89.37 points, or 0.35 percent, to 25,758.69, the S&P 500 <.SPX> gained 6.92 points, or 0.24 percent, to 2,857.05 and the Nasdaq Composite <.IXIC> added 4.68 points, or 0.06 percent, to 7,821.01.

(Reporting By Sinéad Carew; Editing by Chizu Nomiyama)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: Aug 21, 2018 02:05:30 IST

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