Stocks are climbing toward more records on Monday ahead of a week packed with potentially market-moving events for Wall Street.

The S&P 500 rose 1 per cent. The Dow Jones Industrial Average was up 248 points, or 0.5 per cent, as of 1:01 p.m. Eastern time, and the Nasdaq composite was 1.7 per cent higher. All are adding to their latest all-time highs set on Friday. The Australian sharemarket is set to decline, with futures at 5.04am AEDT pointing to a loss of 42 points, or 0.5 per cent, at the open. The ASX added 0.4 per cent on Monday.

Wall Street is eyeing more records. Credit: AP

Stocks also rallied in Asia ahead of a meeting on Thursday between the heads of the United States and China. The hope is that the talks could clear rising tensions between the world’s two largest econom

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