Wall Street closes buoyant as trade tensions between Trump and China improve

Wall Street closed today's session higher, after the collapse of last Friday, October 10th.

The S&P 500 closed up 1.56% to 6,654.72 points, the technology-rich Nasdaq Composite added 2.21% to 22,694.61 points, and the Dow Jones advanced 1.29% to 46,067.58 points.

Investors expressed optimism after both Beijing and Washington signaled their willingness to continue trade negotiations between the two world economic powers, while peace in Gaza also boosted optimism and contributed to the rise in indexes.

Artificial Intelligence gained momentum on the stock market after news broke that OpenAI announced a partnership with Broadcom to increase AI processing capacity. Chipmaker Broadcom gained over 9.8% on the stock market.

Investors are now watching earnings releases from Wall Street's biggest banks: JPMorgan Chase, Goldman Sachs, Wells Fargo and Citigroup on Tuesday and Bank of America and Morgan Stanley on Wednesday.

Commodities stand out. The price of gold, considered a safe haven asset in times of uncertainty, reached a new all-time high today, settling above $4,115 per ounce, as did silver, which also hit a record high, surpassing $52.