New York: US stocks sagged early Monday, retreating from record highs on the second-to-last trading day of what has been a banner year for Wall Street. In light holiday trade, investors were cheered by reporting that a top Chinese trade official, Vice Premier Liu He, was due to travel to Washington to sign a partial trade agreement, de-escalating the two nations' bitter trade conflict. Ten minutes into the day's trading session, the benchmark Dow Jones Industrial Average was down 0.3 per cent at 28,549.23. Meanwhile, the broader S&P 500 was down 0.4 per cent at 3,228.54, and the Nasdaq had lost 0.6 per cent at 8,955.39. The S&P 500 has closed at records in nine of the last 11 trading sessions.

Source: Mint December 30, 2019 16:30 UTC