S&P hits high, again | Five stocks reach 'unprecedented' dominance | What is in this trade deal?

The S&P 500 high new highs on news that the U.S. is planning to cancel China's status as a currency manipulator.

VIEW IN BROWSER | SUBSCRIBE MON, JAN 13, 2020 EVENING BRIEF AS OF MON, JAN 13, 2020 • 04:15 ET DJIA 28907.05 +0.29% +83.28 S&P 500 3288.13 +0.70% +22.78 NASDAQ 9273.93 +1.04% +95.07   Most Active DOW NAME LAST CHG %CHG AAPL 316.96 +6.63 +2.14% MSFT 163.28 +1.94 +1.20% CSCO 47.97 +0.84 +1.78% S&P 500 NAME LAST CHG %CHG GE 12.12 +0.45 +3.86% F 9.24 -0.01 -0.11% BAC 35.06 +0.32 +0.92% NASDAQ NAME LAST CHG %CHG AMD 48.74 +0.58 +1.20% AAPL 316.96 +6.63 +2.14% TSLA 524.86 +46.71 +9.77% EDITOR'S NOTE The S&P rose to new highs again Monday, driven in part by its five biggest stocks.   Apple, Microsoft, Alphabet, Amazon and Facebook comprise 18% of the total market capitalization of the index, writes CNBC's Yun Li, and all helped push the S&P 500 and the Nasdaq to records on Monday.   The dominance of these five stocks in the S&P 500 is unprecedented, and some strategists see their sheer size as a hurdle for the bull market to keep charging forward.   While the value of these companies has soared, the income they contribute to the S&P 500 has decreased, Mike Wilson, head of U.S. equity strategy at  Morgan Stanley, wrote in a note on Sunday.   Investors know that at some point high valuations have to be backed up with income.   "These companies will then need to deliver on the income side," Wilson wrote, "or risk a sharp decline in price."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.   Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  S&P 500 notches record high after news the US will remove currency manipulator tag from China The five biggest stocks are dwarfing the rest of the stock market at an 'unprecedented' level Earnings reporting season is about to kick off. Here's what to expect US will remove China from currency manipulator list ahead of trade deal signing US budget deficit topped $1 trillion in 2019 for the first time in seven years Jobs are on the line and clock is ticking as Boeing's new CEO takes over Goldman Sachs, the 150-year-old investment bank, is staking its future on a mobile app Democrat Cory Booker drops out of 2020 presidential race Tesla stock hits $500 for the first time Here's what's in the phase one China trade deal Trump is signing this week     TOP VIDEO Google Cloud's Thomas Kurian on the future of cloud and Google   CNBC PRO Apple has a new biggest bull on Wall Street as 5G iPhone launch approaches   SPECIAL REPORTS Only one bank stock looks ready to rally as financials gear up for earnings: Technical analyst Nvidia is not a buy until it reaches this level, chart analyst says   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS