What Happened in the Stock Market Today

Major benchmarks climbed on Monday amid optimism for an impending resolution to the U.S.-China trade war. Over the weekend, U.S. Commerce Secretary Wilbur Ross said the two countries are "very far along" with the first phase of a formal trade deal, adding that American companies should be granted licenses to resume sales of products to Chinese tech giant Huawei "very shortly."

The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained roughly 0.4%, with both closing at record highs.

Data source: Yahoo! Finance.

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Source Fool.com