(Bloomberg) U.S. equities surged back from the biggest weekly rout in two years, with major benchmarks climbing more than 2.7 percent on signs that an escalation of trade tensions was beginning to ease. Chipmakers and banks led gains as the S&P 500 Index posted its biggest one-day jump since August 2015, while 20 stocks climbed for every one that fell. The advance erased Friday’s drop, though the gauge still had a ways to go to make up all of last week’s losses.
Stocks Jump in Best Day Since 2015 as Dollar Falls: Markets Wrap
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