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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.
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