(CNBC) — Stocks jumped on Monday after President Donald Trump said China is ready to come back to the negotiating table following a phone call Sunday.
The Dow Jones Industrial Average closed 272 points higher, or 1.1%. The S&P 500 climbed 1.1% while the Nasdaq Composite advanced 1.3%.
“There is a little sense of optimism that the U.S. and China could restart talks, but at the same time you also have some hesitation,” said Yousef Abbasi, director of U.S. institutional equities at INTL FCStone. He also noted trading volumes were lower than usual. Lower volumes can sometimes lead to volatile moves in markets.
