Markets Right Now: Easing trade tensions send stocks higher
NEW YORK (AP) — The latest on developments in financial markets (all times local):
11:45 a.m.
Stocks are solidly higher after the U.S. and China appeared to make progress in trade talks.
Industrial companies and banks made some of the biggest gains Monday. Boeing rose 3.3 percent and Bank of New York Mellon climbed 1.3 percent.
Treasury Secretary Steven Mnuchin says the U.S. postponed tariffs on China after the two sides made progress toward a trade agreement.
General Electric rose 2.6 percent after reaching a deal to combine its train engine business with Westinghouse Air Brake Technologies.
The S&P 500 index rose 15 points, or 0.6 percent, to 2,728.
The Dow Jones industrial average climbed 261 points, or 1.1 percent, to 24,977.