Stocks closed sharply higher Friday as the U.S. and China reached a partial deal on trade and said they would continue negotiating.
President Donald Trump agreed to suspend an increase in tariffs on $250 billion in Chinese goods due to kick in Oct. 15. In exchange, China agreed to boost purchases of U.S. farm products. Technology and industrial companies led the gains.
The S&P 500 index rose 32.14 points, or 1.1%, to 2,970.27.
The Dow Jones Industrial Average climbed 319.92 points, or 1.2%, to 26,816.59.
The Nasdaq gained 106.26 points, or 1.3%, to 8,057.04.
The Russell 2000 index of smaller company stocks picked up 26.54, or 1.8%, to 1,511.90.
For the week:
The S&P 500 gained 18.26 points, or 0.6%.
The Dow added 242.87 points, or 0.9%.
The Nasdaq rose 74.57 points, or 0.9%.
The Russell 2000 picked up 11.20 points, or 0.8%.
For the year:
The S&P 500 is up 463.42 points, or 18.5%.
The Dow is up 3,489.13 points, or 15%.
The Nasdaq is up 1,421.76 points, or 21.4%.
The Russell 2000 is up 163.34 points, or 12.1%.
The Associated Press