Wall Street Surges Amid Trade Deal Optimism and Tech Gains
U.S. stocks appeared poised for gains on Monday as optimism over trade deals and technology sector performance fueled growth. Key tech shares rose premarket, and major indices hit records amid expectations of interest rate cuts. Attention shifts to trade deadlines and upcoming economic data releases.
U.S. stocks opened higher on Monday, driven by optimism over potential trade agreements between the United States and key partners. This sentiment fueled bullish momentum, propelling Wall Street indexes to record highs last week.
Technology heavyweight shares experienced premarket gains after Canada suspended its digital services tax on U.S. tech firms, aiding stalled negotiations with the U.S.
Investors remain focused on the July 9 deadline for trade deals, interest rate cut bets, and upcoming economic data releases. Wall Street's ongoing bull run continues amid fiscal policy discussions and potential Federal Reserve changes.
(With inputs from agencies.)
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