Stock Market Today: Dow Higher Amid US - China Trade Talks; Apple And Bed Bath & Beyond See Gains
Wall Street shook off political concerns Monday, as stocks saw gains amid encouraging signs in the U.S.-China trade war.
The Dow Jones Industrial Average gained 96.58 points to 26,916.83, up 0.36%. The Nasdaq Composite jumped 59.71 points to 7,999.34, up 0.75%, and the S&P 500 climbed 14.95 points, up 0.5% to 2,976.74.
The gains come after China said Sunday that its top trade negotiator would lead trade talks that will take place after Oct. 7 and after the U.S. Treasury Department said Saturday that it was"not contemplating" delisting China stocks.
Among the most actives were Apple (AAPL) and Bed Bath & Beyond (BBBY).
Shares of home goods retailer Bed Bath & Beyond jumped $0.75, or 7.58%, to close at $10.64, after an upgrade from neutral to outperform from WedBush, which also stated that the company could name a strong CEO during its Wednesday earnings call.
Shares of tech giant Apple gained $5.15, or 2.35%, to close at $223.84, after J.P. Morgan raised its price target to $265 a share from $243 a share on stronger-than-expected iPhone sales.
Meanwhile, WeWork’s parent The We Company said it will file to withdraw its initial public offering (IPO). The announcement comes one week after it ousted founder Adam Neumann as chief executive officer.
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