NEW YORK (AP) Stocks closed broadly higher Thursday as traders turn hopeful that meetings in Washington will yield progress on the long-running U.S.-China trade dispute.
Markets were encouraged Thursday after President Donald Trump said he would meet with China's lead negotiator on Friday.
Technology stocks posted solid gains.
Skyworks Solutions added 5.2%.
Bed Bath & Beyond soared 21.6% after naming a new CEO, and PG&E plunged 29% after a bankruptcy judge allowed creditors to have input into the restructuring of the troubled utility.
The S&P 500 rose 18 points, or 0.6%, to 2,938.
The Dow Jones Industrial Average climbed 150 points, or 0.6%, to 26,496.
The Nasdaq added 47 points, or 0.6%, to 7,950.
Bond prices fell.
The yield on the 10-year Treasury rose to 1.66%.