Today's Edition
New York (AFP)
Wall Street stocks rose early on Monday, extending last week's rally after Canada rescinded a tax on US tech firms in a move to boost trade talk prospects with Washington.
Ottawa removed the tax on Sunday after US President Donald Trump on Friday abruptly called off trade talks with Canada, citing the levy. US officials had no immediate comment after Canadian authorities said they are targeting a deal by July 21.
Stocks rose most of last week on generally encouraging updates on trade negotiations between the United States and other governments and on the ceasefire between Iran and Israel.
About 10 minutes into trading, the broad-based S&P 500 climbed 0.3% to 6,188.95, while the tech-rich Nasdaq Composite Index added 0.3% at 20,328.90. Both indices closed at records on Friday.
The Dow Jones Industrial Average advanced 0.4% to 43,988.18.
Besides trade, markets are focused on Senate debate on Trump's sweeping spending and tax cut bill which includes controversial cuts to health care for low-income people.
The Department of Labour is slated to release monthly jobs figures for June, while automakers will release second-quarter car sales.
Among individual companies, Moderna rose 4.8% after announcing positive results from a phase three clinical trial into a vaccine for seasonal influenza.
