Trump trade remarks boost US stocks

Technology stocks pushed the benchmark S&P 500 index to an all-time high and the Nasdaq close to its record level, as a possible US-China trade deal and rising bets on a third rate cut by the US Federal Reserve fuelled optimism.

Shares of Microsoft gained more than 2% and provided the biggest boost to all three main indexes after the technology giant won the Pentagon’s $10bn (€9bn) cloud computing contract, beating Amazon.