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* Industrials rise after Trump says China talks ‘move along’
* DowDuPont surges on robust results, boosts materials index
* Apple marginally higher ahead of results after the bell
* Indexes up: Dow 0.9 pct, S&P 0.9 pct, Nasdaq 1.6 pct (Updates to late afternoon)
By Caroline Valetkevitch
NEW YORK, Nov 1 (Reuters) - U.S. stocks rose for a third straight day on Thursday as President Donald Trump said trade talks with China were “moving along nicely,” reviving hopes that the two countries can resolve their trade dispute.
Adding to optimism, the latest round of results from companies were mostly upbeat.
Trump said he plans to meet with his Chinese counterpart Xi Jinping at the G-20 summit in Argentina at the end of the month.
The trade-sensitive S&P industrial sector rose 2 percent, with Boeing Co and Caterpillar Inc among companies leading the gains.
“Maybe there’s going to be some hope that a trade deal with China will actually come through,” said Robert Pavlik, chief investment strategist, senior portfolio manager at SlateStone Wealth LLC in New York.
The S&P materials index was up 2.7 percent, with DowDuPont Inc surging after its strong results and a $3 billion share buyback.
Apple Inc was up slightly ahead of its results, due after the bell. The technology index rose 0.9 percent, continuing to recover from the recent selloff.
The Dow Jones Industrial Average rose 214.11 points, or 0.85 percent, to 25,329.87, the S&P 500 gained 23.57 points, or 0.87 percent, to 2,735.31 and the Nasdaq Composite added 115.88 points, or 1.59 percent, to 7,421.78.
Also helping was robust earnings reports from three Apple suppliers, NXP Semiconductors, Dialog Semiconductor and Qorvo Inc.
Technology-related stocks have led the stock market’s bull run in recent years. The S&P tech index’s 8 percent pullback in October was its worst monthly loss since March 2012.
Advancing issues outnumbered declining ones on the NYSE by a 3.10-to-1 ratio; on Nasdaq, a 3.80-to-1 ratio favored advancers.
The S&P 500 posted 11 new 52-week highs and three new lows; the Nasdaq Composite recorded 31 new highs and 48 new lows. (Additional reporting by Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila and James Dalgleish)