Stocks jumped on Monday after President Donald Trump said China is ready to come back to the negotiating table following a phone call Sunday.
The Dow Jones Industrial Average traded 240 points higher, or 0.9%. The S&P 500 climbed 0.8% while the Nasdaq Composite advanced 1%.
Semiconductor stocks such as Micron and Advanced Micro Devices gained 1.2% and 3%, respectively. Boeing and Apple led the Dow, rising around 1% each.
Speaking to reporters at the Group of Seven (G-7) meeting in Biarritz in France Monday, Trump said the two countries would start talking very seriously.