Trade hopes lift S&P to record as tech leads

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Wall Street rises as trade hopes drive tech gains; S&P at record high, YJacquez_ reports via ReutersTV

NEW YORK - U.S. stocks climbed on Monday, but finished off earlier highs, led by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei.

Still, stocks had given up a good portion of their earlier gains as investors contemplated whether the U.S. Federal Reserve would be as dovish as has been anticipated recently and caution crept back in for what is likely to be a lightly traded week due to the July Fourth holiday.

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