How major US stock indexes fared Monday

Stocks closed modestly higher Monday after President Donald Trump held off on raising tariffs on Chinese imports.

The move, which averted an escalation in the damaging trade war between the world’s two largest economies, spurred an early rally that partly faded by the end of the day. Technology companies and banks led the way higher. Oil prices fell sharply after Trump said they were getting too high.

On Monday:

The S&P 500 index added 3.44 points, or 0.1 per cent, to 2,796.11.

The Dow Jones Industrial average gained 60.14 points, or 0.2 per cent, to 26,091.95.

The Nasdaq composite rose 26.92 points, or 0.4 per cent, to 7,554.46.

The Russell 2000 index of smaller companies dropped 1.26 points, or 0.1 per cent, to 1,588.81.

For the year:

The S&P 500 is up 289.26 points, or 11.5 per cent.

The Dow is up 2,764.49 points, or 11.9 per cent.

The Nasdaq is up 919.18 points, or 13.9 per cent.

The Russell 2000 is up 240.25 points, or 17.8 per cent.