Stocks rose on Monday, the first trading day of the third quarter, led by strong gains in tech. But lingering concerns about the Trump administration's trade policies kept a lid on gains.
The Dow Jones Industrial Average closed 35.77 points higher after dropping nearly 200 points earlier in the session, with Microsoft rising 1.4 percent. The S&P 500 advanced 0.3 percent to 2,726.71 with tech rising 1 percent. The Nasdaq composite rose 0.8 percent to 7,567.69 as Facebook, Amazon and Netflix all traded higher.
The major indexes fell sharply earlier in the session as Wall Street grew even more worried about the spat between the U.S. and its key trade partners.
“Positive fundamentals are being offset, in the short term, by the fear of negative potential fall-out from the trade drama,” said Tom Essaye, founder of The Sevens Report.