The markets shot higher to start the week as comments from Washington over the weekend indicated that the possibility of a trade war with China had been put "on hold" as the two largest economies reached a deal to suspend tariff threats. China agreed that they would consider new efforts to import more energy and commodities from the U.S. to help reduce the trade deficit.

This sent the Dow 30 higher by 297, the S&P 500 up 20, and the Nasdaq 100 higher on the day by 39.

General Electric (GE  ) was one of the big movers in the Dow today as the company announced a $20 billion merger of it's transportation business with Wabtec, a rail equipment manufacturer. Shares of GE popped 2% on the news hitting it's highest prices since early February.

Micron (MU  ) shares were higher by 3.91% today, leading the S&P 500 in gains as the company announced it would raise it's expectations going forward. The company raised their revenue forecast for the third quarter which investors jumped all over. The company also has over 50% of sales coming from China, so news about the trade war being "on hold" was a strong boost for share prices today.

Other names that were higher on the China news included SkyWorks Solutions (SWKS  ), and Broadcom (AVGO  ) as SkyWorks has 83% of it's sales coming from China. Broadcom currently has 54% of it's sales from China.

Tesla (TSLA  ) shares were higher by 2.77% today, nearly erasing Friday's declines after CEO, Elon Musk tweeted about a new model 3 which would include a "dual motor" option which would give it a top speed of 155 mph. This new model 3 will come at a cost of around $78,000. For now short term investors continue to buy on hints and tweets about the future, but Wall Street remains in full sell mode.