US and Chinese negotiators will resume trade talks on June 9 in London, Trump announced, as the world’s two largest economies look to resolve a simmering dispute over tariffs and technology that has unnerved markets.
The S&P 500 closed above 6,000 on Friday for the first time since February as stronger-than-expected jobs data eased fears about a slowdown in the economy and as planned US-China trade talks revived investor optimism.
The S&P 500 Index, Nasdaq 100 and the Dow Jones Industrial Average all gained 1%. The Russell 2000 jumped 1.7%. Tesla Inc. led gains among the Magnificent Seven stocks with shares of the electric-vehicle maker rebounding 3.8% after a 14% plunge on Thursday, when a feud between Elon Musk and President Donald Trump devolved into a public war of words.
