The US stock market opened higher on Monday. (Image: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The main Wall Street indices hit a fresh record in the early minutes of trading on Monday, as growing hopes around the US-China trade deal further lifted sentiments at the stock market.

The Dow Jones Industrial Average was trading 265 points or 0.54% up, S&P 500 rose 0.96%, and Nasdaq Composite was up 1.61%.

Easing trade tensions between the world's two largest economies are boosting investor confidence, fuelling an extension of the equities rally from the April lows, when markets tumbled as Trump sought to rewrite global trade rules. The rally now faces critical tests this week, with the Federal Reserve expected to cut interest rates and earnings from major AI

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