Wall Street closes higher as investor mood brightens
U.S. stocks closed higher as Wall Street increased its outlook on a positive outcome between the U.S. and China coming to finalize a deal on the current trade spat.
Investor sentiment was increased as Donald Trump announced he will be meeting Chinese counterpart Xi Jinping at the upcoming G-20 summit, along with the hopes of the Fed to relax monetary policies in the latter part of this year.
The Dow Jones Industrial Average jumped 353.01 points to 26,465.54 as 3M and Boeing outperformed.
Meanwhile the S&P 500 climbed 1% to 2,917.75 and Nasdaq Composite advanced 1.4% to 7,953.88.
The S&P 500 also closed 1.2% from its all-time intraday high of 2,954.13, which was reached May 1.
Source: Smart Trend Team
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