By  on July 1, 2019

U.S. stocks rose Monday after President Donald Trump and China’s President Xi Jinping agreed to another trade truce, but it proved a mixed bag for retail.

The S&P 500 closed up 0.8 percent to a record-high of 2,964.33 on the back of strong gains for chipmakers, while the Dow Jones Industrial Average rose 117 points, or 0.44 percent, to 26,717.43. Also on the rise was the Nasdaq, 1 percent higher to 8,091.16.

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