Global shares inch to new highs on trade hopes; US$ little changed


The Dow Jones Industrial Average rose 96.44 points, or 0.34%, to 28,551.53, the S&P 500 gained 2.79 points, or 0.09%, to 3,224.01 and the Nasdaq Composite added 20.69 points, or 0.23%, to 8,945.65. The Dow was lifted by a 2.9% gain in shares of Boeing Co after the planemaker fired Chief Executive Dennis Muilenburg over intense scrutiny and industrial setbacks sparked by twin fatal crashes of its 737 MAX jetliner.

NEW YORK: The dollar traded little changed while equity markets added to a year-end rally on Monday, with both a gauge of stock performance worldwide and Wall Street hitting new highs amid renewed optimism over U.S.-China trade and growth prospects.

China's finance ministry said it will lower tariffs on products ranging from frozen pork and avocados to certain semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States.

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