India, July 28 -- Extending the upward trend seen over the past several sessions, stocks have moved modestly higher during trading on Monday. With the continued advance, the Nasdaq and the S&P 500 have once again reached new record intraday highs.
Currently, the Nasdaq is up 66.81 points or 0.3 percent at 21,175.13 and the S&P 500 is up 4.34 points or 0.1 percent at 6,392.98. The narrower Dow, on the other hand, is down 23.49 points or 0.1 percent at 44,878.43.
The modest strength on Wall Street comes amid news the U.S. and the European Union struck a last-minute trade agreement and reports suggested the U.S. and China are likely to extend their tariff truce for another 90 days.
The U.S.-EU agreement includes a 15 percent tariff on Europ...