Trade optimism, Fed rate-cut expectation sends S&P 500 to record

By Chuck Mikolajczak NEW YORK (Reuters) - The S&P 500 hit a record high on Monday, while the Nasdaq fell just short of its lifetime high touched in late July as a more civil tone between the United States and China lifted hopes for a possible trade deal and investors looked toward a Federal Reserve rate cut later this week. Microsoft Corp shares climbed 2.46%, making the stock among the biggest boosts to each of three major indexes after the technology giant won the Pentagon's $10 billion cloud computing contract, beating out Amazon.com Inc

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