Investing.com -- The Dow Jones Industrial Average hit a new record high at Monday's opening, propelled by positive-sounding noises from Commerce Secretary Wilbur Ross over the weekend hinting at imminent trade truces with both China and Europe. The Dow is the last of the three benchmark indices to hit new records after both the S&P 500 and Nasdaq Composite hit news highs last week in response to the Federal Reserve's latest interest rate cut and a stronger-than-expected U.S. labor market report for October.
- The Dow Jones Industrial Average rose as high as 27,497.44 before pulling back fractionally to be up 0.5% at 27,495.89 by 9:45 AM ET (1445 GMT)
- S&P 500 also up 0.5% at 3,081.40