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Stocks – U.S. Indexes Soar on Hopes for Improved U.S.-China Relations – Stocks shot up Thursday on hints that China wants to reduce the tension in its trade fight with the United States.

The major averages enjoyed their biggest one-day gains in about two weeks as investors and the algorithms that run the buying and selling programs for many big investment houses hit their buy buttons.

The S&P 500 rose 1.27%. The Dow Jones industrials climbed 1.25%, and the Nasdaq Composite added 1.48%. The Nasdaq 100 index added 1.51%.

The Dow's 326-point gain was its best one-day point gain since Aug. 13.

Gainers overwhelmingly outnumbered losers, with industrial, tech, financial and energy stocks enjoying the biggest gains.

Caterpillar (NYSE:CAT), exposed to global trade currents, rose 2.5% to lead the Dow. Dollar General (NYSE:DG) was the top S&P 500 stock. Best Buy (NYSE:BBY), which gets many of its electronic products from China, was among the biggest laggards.

Interest rates were higher, with the 10-Year yield rising to 1.506% from Wednesday's 1.468%. The yield was still lower than the yield on the 2-year note, but the 10-2 Year Treasury Yield Spread narrowed to 2.76 basis points from Wednesday's 3.22 basis points.

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