NEW YORK (AP) –Stocks closed broadly higher on Wall Street as traders turn hopeful that meetings in Washington will yield progress on the long-running U.S.-China trade dispute.
Markets were encouraged Thursday after President Donald Trump said he would meet with China’s lead negotiator on Friday.
Bed Bath & Beyond soared after naming a new CEO, and PG&E plunged after a bankruptcy judge allowed creditors to have input into the restructuring of the troubled utility.
The S&P rose 18 points, or 0.6%, to 2,938. The Dow climbed 150 points, or 0.6%, to 26,496. The Nasdaq added 47 points, or 0.6%, to 7,950.