The S&P is now just over 1% away from setting a new record high.
The stock market finished higher on Monday, as coronavirus stimulus talks remained deadlocked and President Trump signed several executive orders over the weekend to extend economic relief to Americans amid the pandemic. Market sentiment also took a hit from ongoing U. S.-China tensions, which have continued to deteriorate in recent weeks over a range of issues including Hong Kong, technology companies and the coronavirus pandemic. Following a fresh round of U. S. sanctions on Chinese officials—including Hong Kong leader Carrie Lam—last week, China on Monday imposed sanctions on 11 U. S. citizens, including Sens. Ted Cruz (R-Tex.), Marco Rubio (R-Fla.), Tom Cotton (R-Ark.
