U.S. stocks were stacking on their records Monday as a second straight winning month draws to a close, the Associated Press reports. Futures for the S&P 500 were 0.2% higher in early trading, while futures for the Dow Jones Industrial Average and Nasdaq were up 0.3% and 0.2%, respectively.
Wall Street optimism rose after Canada said it will rescind its planned tax on U.S. technology firms and resume trade talks with the United States. Stocks have generally rebounded on hopes that President Donald Trump will reach deals with other countries to lower his proposed tariffs and avert trade wars that could harm the economy and send inflation higher.
GMS’ stock jumped 11.3% after Home Depot said it would purchase the specialty building products supplier.
Hewlett Packard Enterprise was up 12%, and Juniper Networks climbed 8.4% after announcing that an agreement with the U.S. Department of Justice had cleared the way for their merger.
Treasury yields were easing ahead of major economic reports later this week, including Thursday’s jobs report.
