US stocks open higher as focus turns to the trade deal

US stocks kicked off the week higher, lifted by widespread optimism ahead of the signing of the phase-one trade deal between the US and China.

President Donald Trump stated that signing of the phase-one trade agreement with China will take place on January 15, and negotiations for the phase-two will start immediately.

Trump added that he expected the delay of signing of the phase-two until after the next presidential elections in November.

Whilst, the US Chamber of Commerce sees that signing the phase-one deal does not mean ending the trade dispute between the US and China, but it is a step on the right path.

As for stocks, Dow Jones rose by 0.1% or 22 points to 28,845 as of 15:11 GMT, Nasdaq added 0.4% or 35 points to 9,214, and S&P 500 rose by 0.3% or 10 points to 3,275.