Stocks soar as trade fears ease
Photo by James Leynse/Corbis via Getty Images
Stocks soared Monday, as concerns eased over a possible trade war between the U.S. and China.
- China reportedly pledged to buy more U.S. semiconductors, while the WSJ reported that the two countries are actively engaged in trade dialog.
- The Dow Jones Industrial Average gained 669 points, or 2.86%. This brought the index back over 24k, but not to where it was before last week's fall.
- The NASDAQ was up 228 points, or 3.26%.
- Facebook was down nearly 5% in early trading, but closed slightly higher.