China's positive numbers, trade deal drive Wall Street to record high

Wall Street notched a fresh record high on Monday as investor confidence was boosted by upbeat data from China, while cooling trade tensions between the world's two biggest economies removed one of the hurdles for global economic growth.

Data showed China's industrial output and retail sales growth accelerated in November, adding to optimism from the announcement of a trade deal by the two sides on Friday.
 

Apple Inc, among the biggest companies to benefit from the deal, rose 1.7 per cent . Chipmakers that make the components for its iPhones also gained.

"This deal could be the start of a series of