S&P 500 ends above 6,800 for first time

US stocks rose at the close of the week’s first trading session, supported by optimism that the United States and China could reach a trade deal to end the tariff war threatening global economic growth prospects.

At Monday’s close, the Dow Jones Industrial Average gained 0.71%, or 337 points, to finish at a record high of 47,544 points.

The broader S&P 500 climbed 1.23%, or 83 points, to 6,875, while the Nasdaq Composite advanced 1.86%, or 432 points, to 23,637, both ending at all-time highs.

In Europe, the Stoxx Europe 600 rose 0.22% to close at a record 577 points, supported by gains across the continent’s main exchanges.

Germany’s DAX added 0.28% to 24,308, France’s CAC 40 rose 0.16% to 8,239, and Britain’s FTSE 100 edged up 0.10% to a record close of 9,653 points.

In Japan, the Nikkei 225 surged 2.45% to 50,512 points, surpassing the 50,000 mark for the first time ever, while the broader Topix index gained 1.7% to 3,325, both closing at record highs.

Oil prices retreated, with December Brent futures down 0.49%, or 32 cents, at $65.62 a barrel.

US West Texas Intermediate (WTI) crude for December delivery fell 0.31%, or 19 cents, to $61.31 a barrel.

Gold futures for December delivery dropped 2.85%, or $118.10, to $4,019.7 an ounce.