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NewsBreak: China Euphoria Pushes S&P 500 to Highest Level in Month

Investing.com

Investing.com - Stocks were holding onto big gains Thursday afternoon and looked to close at their highest levels in a month as euphoria about a resumption of trade talks between the United States and China swept Wall Street.

The numbers at 3:05 PM ET (19:05 GMT):

The S&P 500 was up 1.4%. The Dow industrials were up 1.6%, and the Nasdaq Composite had added 1.75%.

Chip stocks, technology stocks generally, and bank stocks were the strongest groups. The weakest were utilities, real estate and consumer staples stocks as investors sought shares with more risk. The rally comes a day before the Labor Department's August jobs report, due Friday before the market open.

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Interest rates were higher, as the 10-Year Treasury yield rose to 1.567% from Wednesday's 1.459%.

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