S&P 500 Climbs 1% as Earnings Kick Into High Gear: Markets Wrap

Wall Street traders drove stocks higher amid solid signals from Corporate America and hopes that tensions between the world’s two largest economies are cooling. Bond yields edged lower.

With the earnings season well underway, about 85% of the companies in the S&P 500 reporting results so far have beaten profit estimates. That’s helped fuel a rebound in equities, with the benchmark notching its best two-day gain since June. Sentiment was also buoyed by expectations the trade war will de-escalate as the US and China return to the negotiating table.