Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)
* U.S., China to hold high-level talks in October
* Technology stocks boost; defensive sectors fall
* U.S. services sector growth rises; private jobs jump
* Indexes up: Dow 1.69%, S&P 1.42%, Nasdaq 1.66% (Updates market action, adds data, comments)
Sept 5 (Reuters) - U.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data allayed some concerns of a slowdown.
Wall Street's three main indexes touched their highest level since Aug. 1 and the benchmark S&P 500 index breached its 50-day moving average, a key indicator for short-term momentum.
China's Commerce Ministry said its trade team would lay the groundwork with their U.S. counterparts in mid-September for the October talks.
Technology stocks provided the biggest boost to S&P 500, rising 2.05%, while financials jumped 2.31%, the most among the 11 major S&P sectors.
Interest rate-sensitive banks surged 3%, following a rise in U.S. Treasury yields.
"The trade news was the spark that lit this rally and then the economic data extended it," said Michael Antonelli, market strategist at Robert W. Baird in Milwaukee.
The ADP National Employment Report, considered a precursor to the Labor Department's more comprehensive jobs report, showed U.S. private employers' payrolls grew at the fastest pace in four months in August, led by big gains in service-sector jobs.
Another private survey showed growth in the U.S. services sectors accelerated in August, rebounding from its weakest level in nearly three years, as new orders rose to their highest level since February amid trade worries.
"Manufacturing is in a bit of a global slump, but if you look at the other economic data, like the services and jobs reports, none of them point to an economy that is teetering on a recession," Antonelli said.
The upbeat reports eased concerns of an economic downturn, which was exacerbated by data on Tuesday that showed a contraction in U.S. factory activity in August. Investors will keep a close watch on the crucial nonfarm payrolls data due on Friday.
At 11:41 a.m. ET the Dow Jones Industrial Average was up 446.46 points, or 1.69%, at 26,801.93, the S&P 500 was up 41.58 points, or 1.42%, at 2,979.36 and the Nasdaq Composite was up 132.80 points, or 1.66%, at 8,109.68.
In deal news, insurer Prudential Financial Inc agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion. Shares of Prudential fell 2.81%.
Among losers were the defensive utilities, real estate and consumer staples sectors.
Advancing issues outnumbered decliners by a 2.26-to-1 ratio on the NYSE and by a 3.01-to-1 ratio on the Nasdaq.
The S&P index recorded 53 new 52-week highs and no new low, while the Nasdaq recorded 66 new highs and 27 new lows. (Reporting by Uday Sampath in Bengaluru; Editing by Anil D'Silva and Arun Koyyur)