U.S. stocks ended sharply higher on Monday, rebounding from Friday’s selloff, after President Donald Trump softened his rhetoric around trade tensions with China.
The Dow Jones Industrial Average ended up about 1.3%, snapping a five-day losing streak, according to preliminary closing data from FactSet. The index posted its largest one-day point and percentage gain since Sept. 11.
The S&P 500 finished up about 1.5%. It was the index’s largest point and percentage gain since May 27.
The Nasdaq Composite closed 2.2% higher. It was the index’s largest one-day point gain since May 12 and its largest one-day percentage gain since May 27.
Both the S&P 500 and the Nasdaq Composite snapped back-to-back losses.