U.S. stocks vaulted higher Monday as investor jitters over restrictive trade policies around the world moderated. The Dow Jones Industrial Average gained 2.8%. The Nasdaq Composite added 3.3% and S&P 500 rose 2.7%. The reprieve for U.S. stocks comes after the worst week in more than two years. Shares of financial and technology companies within the S&P 500 were some of the biggest winners Monday after investors dumped them in prior sessions, though all sectors got a lift. A reassessment of trade policy rhetoric between the U.S. and China after the weekend helped push stock indexes higher Monday, analysts said. The Wall Street Journal reported Sunday that China and the U.S. have started negotiating to improve U.S. access to mainland Chinese markets. The behind-the-scenes discussions came after announcements of U.S. plans to hit China with tariffs on as much as $60 billion in imports and other restrictions — and the immediate threat of Chinese retaliation — sent U.S. stock prices into their sharpest decline in more than two years last week. The Trump administration sent a letter to Chinese officials late last week, setting out requests that include a reduction of Chinese tariffs on U.S. automobiles and greater access to China's financial sector by American companies, the Journal reported. The U.S. gold price continued its upward movement over night as it increased by 0.5% to 1,353.20 US$/oz.
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