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* S & P 500 farm above 3000
* Apple leads the S & P 500, Nasdaq higher
* Boeing gives Dow the biggest boost
* China exempts 16 types of US goods from customs duties
* Index up: Dow 0.85%, S & P 500 0.72%, Nasdaq 1.06% (Updates at market close)
By Stephen Culp
NEW YORK, Sept 11 (Reuters) – Wall Street soared on Wednesday, boosted by tariff-sensitive technological and industrial values after China extended an olive branch in anticipation of trade talks with the United States next month.
The S & P 500 has closed above the 3,000 mark for the first time since July 30.
Apple Inc. provided the biggest boost to the S & P 500 and Nasdaq the day after it unveiled its latest iPhone update and announced the launch date of its Apple TV + streaming service.
Its shares grew by 3.2%, which allowed the company to reach a value of over $ 1 trillion.
The Dow Jones, led by Boeing Co, recorded its sixth consecutive daily gain. Boeing, the leading US dollar exporter, grew 3.6%.
China has announced tariff exemptions for a basket of US goods, a move seen by many investors as a gesture of good faith a few weeks ahead of the talks planned to resolve the trade war, which has contaminated global economies and shaken markets for months.
However, a senior White House advisor urged investors to be patient in order to reduce expectations for next month's trade talks in Washington.
"The market still considers that a real deal is possible and all of these White House and China initiatives are just trading tactics," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. York. "(But) this belief swings daily on the basis of tweets and statements from China.
"At the moment, we are moving a little towards the possibility of an agreement being reached within a reasonable time," Ghriskey added.
In a series of morning tweets, President Donald Trump called on the US Federal Reserve to cut interest rates into negative territory, which is generally considered a last-ditch effort to revive lazy economies.
"The negative interest rate experience has turned out to be a mistake for both the ECB and Japan, and I certainly think that the United States should probably try to avoid at all costs, "said Art Hogan, chief market strategist at National Securities in New York.
Markets are still waiting for the Fed to cut interest rates by 25 basis points at the end of its monetary policy meeting next week.
US Treasury yields rose for the third consecutive session before the meeting of the European Central Bank (ECB) on Thursday.
The Dow Jones Industrial Average rose 227.61 points, or 0.85%, to 27,137.04, the S & P 500 gained 21.54 points, or 0.72%, to 3,000.93 points. Nasdaq Composite added 85.52 points, or 1.06%, to 8,169.68.
Of the top 11 sectors in the S & P 500 Index, all properties closed in black.
Micron Technology Inc. chip maker grew 2.2% after Longbow Research upgraded the title to "buy" it.
The Philadelphia SE Semiconductor index was up 1.5%.
Oil services company Baker Hughes A GE Co. recorded the largest percentage decline in the S & P 500, or 7.5%, following the announcement that parent company General Electric would sell $ 3 billion worth of Baker Hughes shares, resulting in the loss of GE's controlling interest.
Increasing issues outnumbered declining issues at the NYSE by a ratio of 2.53 to 1; on the Nasdaq, a ratio of 2.97 / 1 favored the advanced.
The S & P 500 has recorded 25 new highs over 52 weeks and no new lows; the Nasdaq Composite recorded 58 new highs and 12 new lows.
The volume of US trade amounted to 7.59 billion shares, against 6.85 billion on average over the last 20 trading days. (Report by Stephen Culp, additional report by Alden Bentley)
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