Markets Right Now: Resumption of trade talks sends stocks up

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:35 a.m.

Word that the U.S. and China will restart trade talks next month and some encouraging data on hiring sent stocks solidly higher in early trading on Wall Street.

Early winners among U.S. stocks Thursday included major technology companies, which do a lot of business with China and stand to gain if the trade conflict abates. Chipmaker Intel jumped 3.6%.

Markets have been jittery in recent weeks as trade tensions between the two countries have escalated, and new tariffs kicked in last weekend.

The S&P 500 rose 28 points, or 1%, to 2,966.

The Dow Jones Industrial Average climbed 312, or 1.2%, to 26,668. The Nasdaq rose 97, or 1.2%, to 8,072.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.53%.

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