(CNBC) — Stocks traded sharply higher on Monday, bouncing back from strong losses in the previous session as trade tensions between the U.S. and China appeared to ease.
The Dow Jones industrial average surged 650 points, with Microsoft as the best-performing stock in the index. The S&P 500 gained 2.3 percent to bounce above its 200-day moving average, with technology and financials leading all sectors higher. The Nasdaq composite advanced 2.6 percent with Apple and Amazon both rising.
