Fresh record highs for all three benchmark US equity indices amid reports that the US and China had agreed to terms for a phase one trade deal that would involve cancelling planned tariffs set to go into effect on Sunday (15 December) and rolling back of existing tariffs on US$360B in annual imports from China - Dow gained +221-points or +0.79% to 28,132. The broader S&P500 +0.86% to 3,168.57. The NASDAQ +0.69% to 8,713.92. Facebook Inc fell -2.72% following a Wall Street Journal report that the Federal Trade Commission (FTC) is weighing a preliminary injunction as early as next month against the social-networking giant amid antitrust concerns over how its products interact. Apple Inc rose +0.25% Both the S&P500 and Nasdaq settled at record closing highs, while all three key indices set fresh record intra-day highs.
