Traders work on the floor of the New York Stock Exchange (NYSE) on July 10, 2019.
Spencer Platt | Getty Images
Dow Jones Industrial Average jumps 220 points
The Dow gained 220.75 points, or 0.79%, to 28,132.05. The S&P 500 rose 0.86% to end the day at 3,168.57. The Nasdaq Composite advanced 0.73% to 8,717.32. Stocks hit record highs on hopes that a U.S.-China trade deal would be reached, avoiding another escalation in the trade war between the two countries.
Trump: Trade deal is ‘very close’