Bloomberg, citing unnamed sources, reported that Trump’s comments were “off the cuff” and not intended to say negotiations had stalled.
Ten of 11 sectors in the Standard & Poor’s 500 rose, led by energy’s nearly 1.6% gain.
Crude-oil futures surged after a larger-than-expected slide in US stockpiles and deeper output cuts from the Organization of the Petroleum Countries and other producers. West Texas Intermediate rose almost 4.1% to $58.38 a barrel while international benchmark Brent gained more than 3.6% to $63.03 a barrel.
Exxon Mobil (XOM) firmed 1.1%, Pioneer Natural Resources (PXD) popped 5.7%, and EOG Resources (EOG) added 4.8%.
Financials jumped nearly 1%, as JPMorgan Chase (JPM) rose 2%, Goldman Sachs (GS) gained 1.7% and American Express (AXP) advanced 1.2%.
Health care added 0.9% as Johnson & Johnson (JNJ) gained 1.6% while Merck (MRK) added 1.5%. Mylan (MYL) rose 1.9%.
In corporate news, Expedia (EXPE) ended 6.2% higher after Chief Executive Mark Okerstrom and Chief Financial Officer Alan Pickerill resigned, effective immediately. Chairman Barry Diller and Vice Chairman Peter Kern are to oversee day-to-day operations of the online travel company until its board names new leadership, the company said.
The Dow Jones Industrial Average and Nasdaq Composite each rose more than 0.5%. The S&P 500 gained more than 0.6%.