U.S. stocks rose Thursday, with Apple (AAPL.O) leading the technology sector to rebound, boosting the three major indexes, and investors'concerns about trade eased after China welcomed the U.S. trade invitation.
The Dow is nearing its all-time high of January 26, closing at its highest closing level since February 1 and only 1.8% below January 26. The S & P 500 index and the NASDAQ index have risen through the peak of January to a record high in the past few weeks.
The S & P share index climbed 1.2%, the biggest one-day percentage increase in August 2nd, and Apple Rose 2.4%.
The timing of the new round of trade talks between China and the United States is unclear, and U.S. President Trump says there is no pressure for the United States to reach an agreement with China.
"Yesterday's news that the Trump administration had approached China and the news that it hoped to resume trade negotiations had given stock markets a boost," said Burns McKinney, portfolio manager at Allianz Global Investors.
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