S&P 500 traded near the benchmark's record highs as talks provide a glimmer of hope for a US-China trade deal.

Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest economies. The dispute has expanded beyond tit-for-tat tariffs to restrictions over rare earths,

US stocks flipped between small gains and losses early on Monday as investors awaited the outcome of crucial trade talks between Washington and Beijing in London.