US stocks extend record highs amid trade-positive sentiment

US stocks continued to rally on Tuesday, lifted by the widespread optimism in global markets over the US-China trade talks, which prompted Wall Street to all-time highs.

After upbeat remarks by officials from China and the US, they seem to be very close for the draft of the phase one trade deal, which is what President Donald Trump confirmed in a statement.

While in China is concerned about the US refusal to rollback the tariffs, which might delay the negotiation for the second phase of the trade deal after the 2020 US presidential election.

US consumer confidence fell to 125.5 this month from 126.1 in October, government data showed.

Official data showed today that the US consumer confidence for November fell to 125.1 points vs 126.1 in October.

To the oil market, West Texas Intermediate (WTI) rose by 0.7% to close at $58.42, and hit a high of $58.5 and a low of $57.7.

Brent prices gained 0.9% to $64.27 a barrel, with a high of $64.2 and low of $63.4.

As for stocks, Dow Jones rose 0.2% or 55 points and settled at 28,121, with an intraday high of 28,146 and a low of 28,042.

Nasdaq added 0.2% or 15 points to 8,648, with a high of 8,659 and a low of 8,625.

S&P 500 rose by 0.2% or 7 points to close at 3,140, and hit a high of 3,142 and a low of 3,131.