US stocks enjoyed their largest one-day gains in more than two and a half years on Monday, with the S&P 500 index up 2.7%, as concerns of a trade war between US and China eased.
everThe country's blue-chip indices saw an improved mood following last week's falls, which saw the S&P 500 suffer its worst weekly performance in more than two years. Instead, the index was up 2.7% on Monday, while the Dow Jones Industrial Average was up 2.9% - its third highest gain in recorded history. Meanwhile, the Nasdaq Composite increased 3.3% as investors flocked back into technology shares. The turnaround comes as US and Chinese officials held talks yesterday in an effort to de-escalate the chances of a trade war. US Treasury Secretary, Steven Mnuchin, said talks were ongoi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes