Stocks Climb on Trade Hopes and Broadcom’s AI Deal: Markets Wrap

Stock buyers powered a rebound on Wall Street as both the US and China signaled willingness to keep trade negotiations alive. OpenAI’s deal Broadcom Inc. added fuel to the artificial-intelligence rally.

Following its worst selloff since April, the S&P 500 climbed over 1%. Tech companies led gains on Monday, driving the Nasdaq 100 up about 2%. Broadcom surged 9%. Treasury futures edged mildly lower, with the US bond market closed for Columbus Day. The dollar rose.

Wall Street bounces back.

Source: Bloomberg

President Donald Trump’s administration signaled openness to a deal with China to quell fresh trade tensions while also warning that Beijing ...