(CNBC) – Stocks rose on Monday amid optimism around U.S.-China trade talks as Wall Street wrapped up a volatile third quarter.
The Dow Jones Industrial Average climbed 96.58 points, or 0.4% to close at 26,916.83. The S&P 500 closed 0.5% higher at 2,976.73 while the Nasdaq Composite gained 0.8% to 7,999.34.
Tech was among the best-performing sectors in the S&P 500, advancing 1.1% as Apple shares rose 2.4% on a price-target increase by an analyst at J.P. Morgan. The analyst's new price target implies a more-than 20% increase for the tech giant over the next 12 months.
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In a statement over the weekend, a Treasury spokeswoman said the Trump administration "is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time." The statement, along with better-than-expected economic data out of China, lifted Wall Street sentiment on Monday.