The S&P 500 rose for a second day on Monday, helped by signs trade tensions with China may be easing. Better-than-expected corporate earnings trends and a rally for Apple Inc. — which touched its first record this year as analysts highlighted improving iPhone demand trends — also boosted sentiment.
The advance was aided by Treasury Secretary Scott Bessent’s plans to head to Malaysia this week for a new round of US-China trade talks, signaling an effort by Washington to calm fears of a full-blown trade war. Separately, National Economic Council Director Kevin Hassett said he thinks the US government shutdown is likely to endBloomberg Terminal some time this week.