(CNBC) — U.S. stocks rose on Monday after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.
The S&P 500 jumped 0.8% to 2,964.33, a record closing high. The broad index also reached an intraday record of 2,977.93. The Dow Jones Industrial Average gained 117.47 points, or 0.4%, to end the day at 26,717.43 as Nike and Apple outperformed. The Nasdaq Composite jumped 1.1% to 8,091.16 and posted a four-day winning streak.