U.S. stocks rallied and recovered more than half of their sell-off from Friday.
The S&P 500 jumped 1.6% Monday for its best day since May. The Dow Jones Industrial Average climbed 587 points, and the Nasdaq composite leaped 2.2%.
The indexes rose after President Donald Trump softened his criticism of China, just a couple days after he shocked the market by threatening much higher tariffs on the world’s second-largest economy. Continued excitement about artificial-intelligence technology also helped drive the market, and Broadcom helped lead the way.
Bond trading was closed in the U.S. for a holiday.
On Monday:
The S&P 500 rose 102.21 points, or 1.6%, to 6,654.72.
The Dow Jones Industrial Average rose 587.98 points, or 1.3%, to 46,067.58.
The Nasdaq composite rose 490.18 points, or 2.2%, to 22,694.61.
The Russell 2000 index of smaller companies rose 66.82 points, or 2.8%, to 2,461.42.
For the year:
The S&P 500 is up 773.09 points, or 13.1%.
The Dow is up 3,523.36 points, or 8.3%.
The Nasdaq is up 3,383.81 points, or 17.5%.
The Russell 2000 is up 231.26 points, or 10.4%.
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