Stocks Rise, Investors Cheer Easing Trade Tensions: Markets Wrap

U.S. stocks surged Monday as the Trump Administration sought to calm a potential trade dispute with China. Major equity gauges were higher from start to finish, with the Dow Jones Industrial Average adding around 300 points. The greenback rose in early trading but then retreated and turned lower, as investors assessed Treasury Secretary Steven Mnuchin’s comments on Sunday that the U.S. was “putting the trade war on hold” amid progress in talks with China.