US stocks climb as traders weigh Trump stimulus orders against China tensions, coronavirus cases

US stocks climb as traders weigh Trump stimulus orders against China tensions, coronavirus cases

US stocks climbed on Monday as investors digested President Donald Trump's weekend stimulus orders against China tensions and new coronavirus cases.

On Saturday, President Trump signed four executive actions to extend coronavirus aid after Congress failed to come to an agreement last week.

US-China tensions escalated when China imposed fresh sanctions on several members of Congress including senators Marco Rubio and Ted Cruz over Hong Kong. 

US coronavirus cases hit 5 million over the weekend, according to data from Johns Hopkins University.

Oil rose as Saudi Aramco said demand will continue to improve. 

Read more on Business Insider. 

US stocks rose on Monday as investors weighed President Trump's virus stimulus orders against escalating China tensions and increasing coronavirus cases. 

Investors are digesting the potential effect of four executive orders signed by President Donald Trump on