Wall Street ends sharply higher as US-China trade worries ease
WALL STREET ENDS SHARPLY HIGHER AS US-CHINA TRADE WORRIES EASE Major U.S. stock indexes ended sharply higher on Monday, coming back from Friday's steep selloff after worries about U.S. trade tensions with China eased. Technology led S&P 500 sector gains on the S&P 500 and Nasdaq rose 2.2%, the most of the three major U.S. indexes.U.S. President Donald Trump struck a softer tone in comments over the weekend on China. Also, on Monday, U.S. Treasury Secretary Scott Bessent said in a Fox Business Network interview that Trump was still set to meet his Chinese counterpart in South Korea as the two sides work on de-escalating trade frictions that grew late last week.Trump's threats of tariffs on China on Friday sparked a selloff that pushed the Nasdaq down more than 3%. The comments followed China's announcement on Thursday that it would expand its rare earths export controls. Investors are eager for the next U.S. earnings season to begin since the U.S. government shutdown has left them with little economic news to go on. JPMorgan Chase and other big banks are set to release quarterly results on Tuesday.Shares of Broadcom rose 9.9% after news that OpenAI has partnered with Broadcom to produce its first in-house artificial intelligence processors.Here is the closing market snapshot:(Caroline Valetkevitch)*****EARLIER LIVE MARKETS POSTS DIGITAL ASSET ETPS HAD RECORD VOLUME FRIDAY IN CRYPTO FALL CLICK HERE HOUSEHOLDS TO DOMINATE DEMAND FOR US STOCKS NEXT YEAR: GOLDMAN SACHS CLICK HERENASDAQ UP 2% AFTER FRIDAY SELLOFF; TECH LEADS SECTORS CLICK HEREMARKET WINNERS AND LOSERS IN FRANCE'S POLITICAL UNCERTAINTY CLICK HEREActivists at the gate: Can fintech's undervalued stars be rescued? CLICK HERE EARNINGS TO GIVE INVESTORS SOME CLUES ON THE US OUTLOOK THIS WEEK CLICK HEREWALL STREET EYES BRIGHT START AFTER FRIDAY'S BRUISING CLICK HEREWHAT COULD SEND THE DOLLAR HIGHER AGAIN CLICK HEREAI CIRCULARITY CONCERNS PREMATURE; PRIVATE CREDIT JITTERS IDIOSYNCRATIC - JPM CLICK HEREU.S. MARKET CORRECTION RISKS GROW AMID SINO-U.S. TRADE FLARE UP CLICK HEREEUROPE STARTS THE WEEK SOLIDLY CLICK HEREEUROPE BEFORE THE BELL: SEE DIP, CLICK BUY CLICK HEREMORNING BID EUROPE: EVERY TRADE CLOUD HAS A TACO LINING CLICK HERE