U.S. stocks continue to hit new highs as optimistic expectations from trade negotiations boost market confidence.

[Coin World] Driven by the latest developments in trade disputes and U.S. Congressional budget negotiations, the U.S. stock market reached new highs on Friday. The S&P 500 index and the Nasdaq Composite index both set new records as investors increasingly overlooked the economic threats posed by the trade war and instability in the Middle East. U.S. Secretary of Commerce and Treasury Secretary Becerra both stated that the U.S. is nearing agreements on numerous trade deals. Becerra mentioned that Washington hopes to finalize trade negotiations with a dozen countries before early September.