(Reuters) – U.S. stock indices traded just below all-time highs on Monday as investors wait for the signing of a preliminary trade agreement between the United States and China, as well as start the fourth quarter earnings.
FILE PHOTO: Traders working on the floor at the New York Stock Exchange (NYSE) in New York, USA, January 10, 2020. REUTERS / Brendan McDermid
Advanced internet and technology companies including Apple Inc (AAPL.O), Facebook Inc (FB.O), Microsoft Corporation (MSFT.O) and Amazon.com Inc (AMZN.O), which recently supported Wall Street to an all-time high, increased key indices.
Alphabet of Google owners (GOOGL.O) is on its way to becoming the fourth publicly traded U.S. company valued at $ 1 trillion.
The easing of tensions in the Middle East and signs that the US-China Trade Agreement Phase 1 will be signed have encouraged the purchase of risky assets, although investors know little about how Details of an agreement are expected to be signed in Washington on Wednesday.
Randy Frederick, Charles Schwab's vice president of commerce and derivatives in Austin, Texas, said there were some concerns about contract translation (with China).
The difficulty is that we won't know anything until Wednesday, but speculation is not enough for the market to go down.
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