Stocks rose on Monday as Wall Street looked for the market’s rally to record highs to resume amid increasing expectations that China and the U.S. will reach a so-called phase one trade deal.

The Dow Jones Industrial Average climbed 73 points, or 0.3%. The S&P 500 gained 0.2% while the Nasdaq Composite advanced 0.6%.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

Source: CNBC