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Tech leads U.S. stocks higher; oil gains

U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices climbing.

S&P 500 climbs toward record high, earnings in focus

The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week.

Huawei's U.S. research arm sends workers packing

Futurewei Technologies Inc, the U.S. research arm of China's Huawei Technologies Co Ltd, began laying off workers on Monday, according to employees including one who spoke to Reuters as he left the company's Silicon Valley campus.

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