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S&P 500 opens at record high on trade deal assurance

Credit: REUTERS/Lucas Jackson

The S&P 500 opened at a record high on Tuesday as U.S.-China officials reaffirmed their commitment to a Phase-1 trade deal, adding to market optimism over progress in developing treatments and vaccines for COVID-19.

Aug 25 (Reuters) - The S&P 500 opened at a record high on Tuesday as U.S.-China officials reaffirmed their commitment to a Phase-1 trade deal, adding to market optimism over progress in developing treatments and vaccines for COVID-19.

The S&P 500 .SPX opened higher by 4.67 points, or 0.14%, at 3,435.95.

The Dow Jones Industrial Average .DJI rose 38.96 points, or 0.14%, at the open to 28,347.42. The Nasdaq Composite .IXIC dropped 9.49 points, or 0.08%, to 11,370.23 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; Twitter: https://twitter.com/medhasinghs))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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