Wall street is rebounding in a big way this Monday morning, as investors feel less and less anxious about talk of a trade war after the U.S. imposed tariffs on China.
Last week, President Trump signed an executive order that slaps billions of dollars in tariffs on Chinese imports over intellectual property theft.
But since then, the "Financial Times" reported China has offered to buy more semiconductors from the U.S. to help decrease the trade deficit.
China would reportedly do this by by diverting some purchases from South Korea and Taiwan, to help cut the trade surplus with the U.S.
To avert a looming trade war with the U.S., Chinese officials are also rushing to finalize new regulations by May that will allow foreign financial groups to take majority stakes in its securities firms, Financial Times said, citing people briefed on the discussions.
The Dow on Monday jumped more than 400 points after the opening bell.
The Nasdaq and S&P 500 are also up.