U.S. stocks rose at the opening bell on Monday as a Treasury Department official pushed back on reports that the Trump administration would prevent Chinese...
U.S. stocks rose at the opening bell on Monday as a Treasury Department official pushed back on reports that the Trump administration would prevent Chinese companies from listing on U.S. exchanges. The S&P 500 SPX, +0.39% was up 0.3% to 2,967. The Dow Jones Industrial Average DJIA, +0.31% advanced 0.3%, or 81 points, to around 26,901. The Nasdaq Composite COMP, +0.40% rose 0.2% to 7,959.
Reports that the White House was looking at ways to limit U.S. investment into Chinese companies had weighed on the stock-market on Friday. The Treasury official's statement could alleviate concerns that U.S.-China trade tensions had taken a sudden turn for the worse. Investors will also eye the fallout from a whistleblower report released on Thursday that had triggered President Donald Trump's impeachment inquiry.
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