Wall Street takes back some of Friday's losses as Trump softens tone on China trade talks

Gains by chipmakers pushed Wall Street significantly higher before markets opened Monday as trade tensions between China and the U.S. appeared to soften over the weekend. Futures for the Dow Jones Industrial Average rose 0.9% before the bell, while futures for the S&P 500 jumped 1.2%. The technology-focused Nasdaq soared 1.7%. Monday’s early gains were not enough to offset Friday’s wipeout, which saw the S&P 500 sink 2.7% and the Dow industrials fall 1.9%. The Nasdaq composite lost 3.6%.