(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: U.S. stocks headed toward fresh records Monday after a thaw in trade relations between the U.S. and China sparked a rally in shares of chip makers.
Indexes from New York to Shanghai rose after Beijing and Washington agreed to resume trade talks, easing fears among investors that the two countries could be headed toward further discord.
Investors are still unsure whether the talks will affect the Federal Reserve, which has signaled it may cut interest rates in the coming months if the economy weakens further. A series of reports Monday showed that in June, U.S. factory activity lost some momentum, the U.K. manufacturing sector had its weakest month in more than six years and Chinese manufacturing activity contracted for the first time in four months.
The S&P 500 gained 0.77%, posting its sixth record close of the year, while the Nasdaq Composite added 1.06% and edged closer to its closing high hit in May. The Dow industrials rose 117 points, or 0.44%, to 26717.
Shares of technology firms, many of whom have been seen as vulnerable to tariffs, soared, with Apple, Amazon.com , Netflix and Advanced Micro Devices rising more than 1% apiece.
Industrial stocks came under pressure following a streak of soft manufacturing reports Monday, with Caterpillar falling 0.6% and FedEx down 1.4%.
Elsewhere, the Stoxx Europe 600 advanced 0.8%, supported by gains among shares of technology and basic resources companies.
Oil prices got a lift after Russia and Saudi Arabia brokered a deal on cuts to production, with U.S. crude rising 0.6% to $58.84 a barrel Monday.
Meanwhile, haven assets, which tend to rally during bouts of market volatility, retreated. The yield on the benchmark 10-year U.S. Treasury note rose to 2.045% from 1.998% Friday. Yields rise as bond prices fall.
The Shanghai Composite Index gained 2.2% and closed at its highest level since April, despite a set of disappointing readings for Chinese economic activity.
Japan’s Nikkei Stock Average rose 2.1%, posting its biggest one-day percentage gain since March.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-07-01/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-futures-soar-as-us-china-agree-to-truce-on-tariff-war-2019-07-01/printWSJ:
https://www.wsj.com/articles/stocks-oil-yuan-rally-on-relief-at-trade-truce-11561955528Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-30/yuan-climbs-dollar-dips-on-trade-truce-yen-falls-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/trade-war-truce-not-enough-markets-gains-ease-but-china-stocks-shine/CNBC:
https://www.cnbc.com/2019/06/30/dow-futures-surge-220-points-at-the-open-after-trump-and-xi-agree-to-not-impose-more-tariffs.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/wall-street-rallies-as-trade-optimism-lifts-tech-stocks-idUKKCN1TW2IMU.K:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-hits-over-nine-month-high-as-sino-u-s-trade-tensions-ease-idUKKCN1TW1QREurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-rally-to-near-two-month-highs-on-u-s-china-trade-reprieve-idUSKCN1TW1O1Asia:
https://www.marketwatch.com/story/asian-markets-gain-as-us-china-agree-to-go-back-to-the-negotiating-table-2019-06-30/printBonds:
https://www.cnbc.com/2019/07/01/us-bonds-treasury-yields-tick-higher-amid-economic-data-auctions.htmlCurrencies:
https://www.cnbc.com/2019/07/01/forex-markets-japanese-yen-chinese-yuan-us-china-trade-in-focus.htmlOil:
https://www.cnbc.com/2019/07/01/oil-jumps-as-opec-gets-set-to-extend-production-cut-and-china-us-trade-truce-helps-demand-outlook.htmlGold:
https://www.cnbc.com/2019/07/01/gold-markets-japanese-yen-chinese-yuan-us-china-trade-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
