Stocks booked their third straight season of gains on Monday, with the Dow Jones Industrial Average giving a threefold increase in optimism about the outlook for Fed monetary stimulus and easing US-China trade tensions.
China's central bank unveiled interest rate reforms expected to reduce the company's borrowing costs.
Investors continued to adjust their reading on President Trump's trade war and growing concern about slowing economies around the world.
|In: DJI||DOW JONES AVERAGES|| 261
|SP500||S&P 500||2923.64 ||+ 1.21%|
|I: COMP||NASDAQ COMPOSITE INDEX||8002.812313||+106.82||+ 1.35%|
US Secretary of Commerce Wilbur Ross said on Monday morning on FOX Business that the US government will extend a reprieve given to Huawei Technologies that allows the Chinese company to buy supplies from US companies so it can serve existing customers. Another 50 of the units were added to a US economic blacklist.
Investors hope the Federal Reserve will continue to cut interest rates to boost economic growth.
The central bank lowered interest rates by a quarter point at its last meeting. It was the first time it had lowered interest rates in a decade.
The return on the 10-year Treasury rose to 1.61 percent as a risk sentiment arose among investors.
U.S. Crude oil sales increased 1.5 percent to $ 55.61 per barrel.
Shares of Apple moved higher after President Trump and Apple chief Tim Cook talked about the impact of US tariffs.
Estee Lauder shares rose as the company projected full-year revenue and surplus estimates.
|HD||THE HOME DEPOT INC.||207.95||+4.30  + 2.11%|
|LAV||LOWE & # 39; S COMPANIES INC.||95.05||+1.13||+ 1.20%|
|TGT||TARGET CORP.||86.58||+ .3||+ 2.81%|
Investors are also concerned about Trump's shocking announcement Aug. 1 that he planned to extend tariffs on virtually all Chinese imports, many of which were consumer products that were exempt from early rounds of tariffs. Tariffs are delayed, but will eventually increase the cost of US companies importing goods from China.
This week's economic highlight comes Friday when Federal Reserve leader Jerome Powell addresses the attendees at a meeting in Jackson Hole.  Dealers will continue to report quarterly earnings this week focusing on home improvement retailers such as Home Depot and Lowe's. Target and Gap will also report during the week.
|AAPL||APPLE INC.||210.35||+3.85||+ 1.86%|
|EL||ESTEE LAUDER||201.65||+22.43||+ 12.52%|
France's CAC and Germany's DAX each rose 1.3 percent. The UK's FTSE 100 was up 1 per cent.
Japan's benchmark Nikkei 225 rose 0.7 percent, Hong Kong's Hang Seng rose 2.1 percent and Shanghai Composite added 2.1 percent.
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Last week, US markets ended strongly with a 1.2 percent Dow gain. Each index still ended with a third week decline.
Wall Street stocks and other investments had a rock-and-dale week, plunging into a crater Wednesday last week as a fairly reliable warning signal of recession turned in the US Treasury Department.  The Associated Press contributed to this article.