Stocks are opening higher on Wall Street, pushing the S&P 500 closer to the record high it reached back in February.
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea on Jan. 8, 2020. Shares were mostly higher in Asia on Monday, Aug. 10, 2020 after President Donald Trump issued executive orders to provide tax relief and stopgap unemployment benefits for Americans hit by the fallout from the coronavirus pandemic.
The future contract for the Dow industrials gained 0.3% while that for the S&P 500 was flat. In Europe, Germany's DAX was up 0.1% at 12,691 while the CAC 40 in France added 0.4% to 4,909. Britain's FTSE 100 picked up 0.3% to 6,052. Meanwhile, China imposed sanctions on 11 Americans, exactly equaling the number of Hong Kong and Chinese officials placed on a sanctions list by the U.S. last week over the crackdown.
The S&P 500 inched up 0.1% to 3,351.28 to eke out a sixth straight gain on Friday. It is within 1% of its record high set in February.
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