U.S. stocks climbed at the opening bell on Thursday as investors closely eye potential for geopolitical concerns to abate after China and the U.S. plan to renew trade talks.
The S&P 500 rose 13 points, or 0.5%, to 2,832. The Dow Jones Industrial Average advanced 247 points, or 1%, to 25,409. The Nasdaq Composite rose 51 points, or 0.7%, to 7,825. Reports say China's commerce ministry will send a delegation to the U.S. later in August. The development helped to ease fears that tensions between the two largest economies in the world could translate into a full-blown trade war. Equities are also buoyed by stronger than expected corporate earnings from Walmart and Cisco, two constituents of the blue-chip Dow.
Source : Marketwatch