<\/p>\n
U.S. stocks climbed in early trading on Monday, with the S&P 500 eyeing new highs as trade talk sentiment buoyed the major indices.<\/p>\n
The S&P 500, which notched record highs last week amid easing geopolitical tensions and investor bets on rate cuts, opened 0.3% higher.\u00a0<\/p>\n
Meanwhile, confidence across markets saw the Dow Jones Industrial Average up 200 points and the Nasdaq up 0.4%. All major stock market gauges are eyeing fresh all-time highs, with Wall Street poised to end June and the second quarter of 2025 on a strong note.<\/p>\n
<\/p>\n
This upbeat mood around stocks comes amid growing optimism that the United States is edging toward significant trade deals with its major partners.<\/p>\n
As well as China, the United Kingdom, and the European Union, there\u2019s also Canada. The U.S. has some form of trade agreements with China and the UK\u2014but the July 9 deadline for comprehensive deals or a resumption of reciprocal tariffs is fast approaching.<\/p>\n
Speaking to CNBC on Monday, Nicholas Burns, Harvard\u2019s Belfer Center professor and former U.S. Ambassador to China, said the U.S. and China may not be close to a comprehensive deal yet. However, Burns noted the U.S. can leverage the current situation to extract more from China.<\/p>\n