Markets Right Now: Stocks rise on new hope for a trade thaw

NEW YORK (AP) — The latest on developments in financial markets (all times local):

11:45 a.m.

Major stock indexes are moving broadly higher on Wall Street after President Donald Trump said China was willing to reopen talks on trade.

Big technology companies which do a lot of business in China and have much riding on the outcome of the trade dispute, rose the most in midday trading Monday. Apple climbed 1.6%.

Traders were encouraged after Trump said his negotiators had received encouraging calls from China on Sunday, however China’s foreign ministry denied knowledge of any such calls.

U.S. stocks are coming off their fourth straight week of declines.

The S&P 500 rose 21 points, or 0.7%, to 2,868.

The Dow Jones Industrial Average climbed 201, or 0.8%, to 25,835. The Nasdaq rose 71, or 1%, to 7,825.

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9:35 a.m.

Stocks are rising on Wall Street in early trading after President Donald Trump struck a conciliatory tone on trade talks with China, saying Beijing was willing to reopen talks.

Big technology companies which do a lot of business in China and have much riding on the outcome of the trade dispute, rose the most early Monday. Apple climbed 2%.

Traders will be closely watching the next steps in the trade negotiations, having been disappointed many times recently by early signs that the chill between the two economic giants was thawing.

U.S. stocks are coming off their fourth straight week of declines.

The S&P 500 rose 23 points, or 0.8%, to 2,870.

The Dow Jones Industrial Average climbed 224, or 0.9%, to 25,853. The Nasdaq rose 71, or 1%, to 7,825.