NEW YORK (AP) — U.S. stocks are drifting closer to their records on Monday as the world’s two largest economies begin talks on trade that could help avoid a recession.

The S&P 500 was 0.3% higher in late trading. The Dow Jones Industrial Average was up 93 points, or 0.2%, with an hour remaining in trading, and the Nasdaq composite was 0.5% higher.

Officials from the United States and China are meeting in London to talk about a range of different disputes that are separating them. The hope is that they can eventually reach a deal that will lower each’s punishing level of tariffs against the other, which are currently on pause, so that the flow of everything from tiny tech gadgets to enormous machinery can continue.

Hopes that President Donald Trump will lower his tariffs after reaching s

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