US Stocks edged higher, with the S&P 500 extending its longest rally since 2017 to eight days, as investors awaited signs of progress in the trade war with China ahead of the latest corporate earnings season. Treasuries dropped, while West Texas crude hit a five-month high. The S&P 500 eked out a gain in thin volumes, rising to about 1.3 percent from its all-time high. However, catalysts remained scant Monday after trade talks ended last week in Washington without any timetable for an agreement. Apple lifted the Nasdaq 100, while energy producers rose along with oil prices. General Electric tumbled after JPMorgan cut its rating on the stock and Boeing dropping amid the ongoing fallout surrounding the 737 Max airplane. Elsewhere, the Pound edged higher as British Prime Minister Theresa May appealed to both the public and politicians in search of support for a compromise Brexit plan. In Turkey, President Recep Tayyip Erdogan cited “widespread irregularities” in local elections in Istanbul, sending the lira lower. Crude extended its advance as an escalation of fighting in OPEC producer Libya overshadowed the biggest increase in U.S. active rigs since May. The US Dollar fell for the first time in three sessions.
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