Wall Street open at records, Dow Jones jumps above 29,000 anew

The major US stock indices opened higher on Wednesday, to reach fresh all-time highs, as focus turned to the signing of the phase-one trade deal between the US and China later today.

The US revealed today that the producer price index rose by 0.1% in December, lower than forecasts of 0.2%.

Markets are closely awaiting signing of the phase-one of the trade deal in the presence of Chinese Vice Premier, Liu He, later today, in addition to launching the talks for the phase-two.

President Donald Trump earlier said that he expected the delay of signing of the phase-two until after the next presidential elections in November.

Dow Jones rose by 0.5% or 150 points to 29,083 as of 15:09 GMT, Nasdaq added 0.4% or 42 points to 9,242, and S&P 500 rose by 0.3% or 11 points to 3,295.