U.S. Stocks moved higher Tuesday following comments from Chinese President Xi Jinping that seemed to soothe investor fears of a potential trade war. Speaking at an economic summit, Mr. Xi expressed his commitment to economic liberalization as well as increased protection for intellectual property. He also hinted toward opening foreign access to China’s financial and manufacturing sectors. Nine of the 11 S&P 500 sectors rose on the day with energy stocks leading the way after a Bloomberg report cited people who have spoken to Saudi officials having stated that Saudi Arabia is likely targeting oil prices at $80 a barrel to boost its oil giant Aramco ahead of its IPO. For the day, the Dow rose 429 points or 1.8%, while the S&P 500 and Nasdaq rose 1.7% and 2.1%, respectively.