Stocks rose on Friday as investors cheered potential progress in trade negotiations between China and the U.S.
The Dow Jones Industrial Average rose 162 points at the open, led by gains in Chevron and Boeing. The S&P 500 climbed 0.5 percent, trading out of correction territory, as the energy, tech and industrials sectors outperformed. The Nasdaq Composite advanced 0.6 percent.
On Thursday, the Wall Street Journal reported that Treasury Secretary Steven Mnuchin had floated the idea of easing tariffs on Chinese goods as the two countries continue to negotiate on trade.