The stock market opened higher on Monday, building on last week’s gains as the S&P 500 again attempted to set a new record high despite ongoing uncertainty from stalled coronavirus stimulus talks and U.S.-China tensions.
The Dow Jones Industrial Average was up less than 0.1% at Monday’s open, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.7%.
The S&P is less than 1% from its previous all-time high of 3,386 set back in February, after having spent much of last week unsuccessfully attempting to close above its previous record.
With U.S. lawmakers stuck in a “stalemate” over the provisions of the next coronavirus stimulus bill, it could take weeks for an agreement to be reached, as Congress has now adjourned until September.
Source:
Fox Business
