President Donald Trump tweeted to inform the public about a “very good telephone conversation” with Chinese Premier Xi Jinping. He said the two leaders would meet at the G20 summit in Japan next week. Trump previously said that China would face additional import tariffs if Xi didn’t show up to the summit. That gave stocks a boost. The Dow (INDU) rallied 1.3%, or 345 points, while the S&P 500 (SPX) and the Nasdaq Composite (COMP) popped 1.2% and 1.8%, respectively. European stocks also traded in the green. For the month, the Dow and the S&P are up 6.6% and 6.3%, respectively. The Nasdaq is on track for a 7.1% jump this month. At this point, June is the best month for stocks since January.

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