U.S. stocks rallied to cap the seventh advance in eight weeks, as positive signs in Chinese trade talks and a deal to avert a government shutdown bolstered sentiment.
President Trump hailed progress in high-level trade talks with China this past week and suggested he would extend a March 1 deadline for raising tariffs if a deal remains elusive. The trade war has added to a slowdown in global growth that threatens to erode corporate profits. Trump also signed a government spending bill Friday, ending a standoff with Congress that had investors fretting a second shutdown that could derail the economy. The S&P 500 has surged 10 percent this year as it snaps back from a December rout that brought it within a whisker of a bear market.
The Treasury will sell $45 billion in three-month bills and $39 billion in six-month bills Tuesday. They yielded 1 percent and 2.45 percent in when-issued trading. It will sell $18 billion in two-year floating-rate notes the next day, and $8 billion on 30-year inflation-protected notes Thursday. It’ll also auction four-week and eight-week bills that day.
