NEW YORK | Markets Right Now: US stocks climb in midday trading
NEW YORK — The latest on developments in financial markets (all times local):
Stocks moved higher in midday trading after the U.S. and China agreed to a 90-day truce in their escalating trade dispute.
Technology and energy companies rose Monday following gains in overseas markets as investors welcomed news of the temporary stand-down.
Advanced Micro Devices, a chipmaker, jumped 8.9 percent.
The price of oil rallied 2.4 percent to just over $52 a barrel after the Canadian province of Alberta announced a large cut in production.