(CNBC) -- Stocks rose on Tuesday as large tech companies like Apple and Amazon outperformed while investors remained cautiously optimistic Washington and Beijing could move forward on a trade deal.
The Dow Jones Industrial Average gained 250 points. The S&P 500 rose 0.8 percent as communications services outperformed. The Nasdaq Composite climbed 0.9 percent.
Apple shares rose 2.3 percent after CEO Tim Cook tried to assuage some of the concerns plaguing the tech giant. In an interview with CNBC’s Jim Cramer, Cook said Apple’s “ecosystem has never been stronger. ” Apple took a beating last week after slashing its quarterly revenue forecast, citing a slowdown in China. Cook also said he feels good about the “real-time ” information he receives regarding the U.S.-China trade talks.
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