Markets closed up today, with the Dow closing higher for the third time in 4 days. Materials, financials and industrials sectors of the S&P 500 surged ahead, while communication services and utilities closed lower.
div > div.group > p:first-child"> The Dow Jones Industrial Average rose 91.87 points to 25,717.46 as shares of Nike and J.P. Morgan Chase outperformed. The S&P 500 gained 0.4 percent to 2,815.44. The broad index is also headed for its best first-quarter performance since 1998, rising 12.3 percent. The Nasdaq Composite advanced 0.3 percent to close at 7,669.17.
Reuters reported overnight that Chinese officials made unprecedented offers regarding force technology transfers as well as other major sticking points. The report comes as U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived in Beijing for further negotiations. "The talks will conclude. They have to," Max Baucus, former U.S. ambassador to China, told CNBC's Martin Soong at the Boao Forum for Asia in the Hainan province of China."U.S, China, we're so closely joined at the hip economically, we got to get this thing done."
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