Dow's 350-point rally aided by Goldman, J.P. Morgan's stocks in late-morning trade

The Dow Jones Industrial Average late-morning Monday was trading near session highs, powered by a rally in financial stocks. Notably, Goldman Sachs
GS, +2.16%
and J.P. Morgan Chase & Co.’s shares
JPM, +2.56%
were combining to deliver a 50-point jolt to the price-weighted Dow
DJIA, +1.39%
The blue-chip equity benchmark was most recently trading about 350 points, or 1.5%, higher at 24,279, as Wall Street attempted to shake off persistent concerns about a trade conflict between China and the U.S., which has rattled markets over the past few sessions. Signs of softened rhetoric around trade has given investors some confidence that the current tariff conflict won’t immediately erupt into a trade war. Industrial names Boeing Co.
BA, +1.05%
and Caterpillar Inc.
CAT, +1.90%
also saw its shares trade in positive territory amid easing tensions. Those companies were among the most hurt by rising anxieties around U.S.-China trade policy.

Quote References GS +5.39 +2.16% JPM +2.80 +2.56%