U.S. stocks climbed in early trading on Thursday, advancing amid signs the nation may avert a government shutdown and recovering some of the losses suffered during an escalating trade war.
The Dow Jones Industrial Average jumped 230 points, or 0.6%, while the S&P 500 increased 0.9%. The tech-heavy Nasdaq climbed 1.3%.
The market upswing comes after Senate Democratic Leader Chuck Schumer announced Thursday night that he plans to vote to keep the government open, signaling that there will almost certainly be enough Democratic votes to advance a House GOP funding bill before a shutdown deadline at the end of the day Friday.
This is a developing story. Please check back for updates.
ABC News’ John Parkinson, Lauren Peller, Allison Pecorin and Rachel Scott contributed to this report.