Stocks ended higher on Monday after the Dow Jones Industrial Average reversed its earlier losses, as Deputy Treasury Secretary Michael Faulkender said that the Trump administration is

"close to the finish line on a couple" of trade deals, though trade tensions between the U.S. and China flared. "This morning’s news of trade deals being near the finish line

is supporting a bullish reversal in equities after mounting U.S.-China tensions drove early volatility," José Torres, senior economist at Interactive Brokers, wrote in a Monday note.

"Maintaining an adversarial posture against Beijing is tolerable for markets and the economy as long as there are agreements with most other cross-border commerce partners," he