NEW YORK: All three major US stock indexes posted record closing highs today, extending a recent run of gains on further hopes of a US-China trade deal.
In May, Huawei, the world’s largest telecoms equipment provider, was put under a US blacklist citing national security concerns. Energy shares jumped along with gains in oil prices, with the S&P 500 energy index rising 3.2%, while the S&P 500 financial index climbed 0.9%, helped by shares of Berkshire Hathaway Inc after it topped expectations for quarterly operating profit.
Limiting the day’s gains was a roughly 2.7% drop in shares of McDonald’s Corp, which dismissed Chief Executive Steve Easterbrook over a consensual relationship with an employee.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: