U.S. stocks are drifting closer to their records on Monday as the world’s two largest economies begin talks on trade that could help avoid a recession. The S&P 500 was 0.3% higher in late trading. The Dow Jones Industrial Average was up 93 points,

Wall Street's main indexes opened higher on Monday as investors watched a fresh round of negotiations between the United States and China aimed at mending a trade rift that has rattled financial markets for much of the year.

U.S. stocks drifted closer to their record as the world’s two largest economies begin talks on trade that could help avoid a recession.