Dow jumps 150 points early Monday with Mexico trade-talk optimism in air

U.S. stock benchmarks jumped solidly higher to kick off Monday trade, extending a record run for most equity benchmarks, partly on reports on progress in trade talks between the U.S. and Mexico and Federal Reserve Chairman Jerome Powell‘s dovish stance on interest-rate hikes and upbeat comments about the domestic economy during a closely watched speech at Jackson Hole, Wyo., on Friday. The Dow Jones Industrial Average rose 154 points, or 0.6%, to 25,949. The S&P 500 index traded 13 points, or 0.5%, to reach 2,887, after closing at its first record since Jan. 26 on Friday. Meanwhile, the Nasdaq Composite Index gained 47 points, or 0.6%, at 7,993, extending its move above a record also hit on Friday. In corporate news, Tesla shares were in focus after CEO Elon Musk on Friday said he was abandoning efforts to take the electric-car maker private. Progress in talks between the U.S. and Mexico to reach a bilateral agreement on issues that have been hampering a renegotiation of Nafta underpinned market gains as investors continue to react to developments over tariffs.

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