U.S. stocks moved higher Monday ahead of a packed week for earnings and economic data. Wall Street is also awaiting any progress on trade deal negotiations.

The S&P 500 gained about 0.2%, while the Nasdaq Composite rose 0.1%. The Dow Jones Industrial Average also jumped 178 points, or 0.4%.

On Monday, Treasury Secretary Scott Bessent offered little clarity on the direction of reaching a possible trade agreement with China, but said that the onus was not on the United States. On the positive side, however, Bessent said that they were making progress on other trade proposals, suggesting a deal with India would be “one of the first” to come.

Tesla was up 1.3%. Shares of the electric vehicle maker closed above their 50-day moving average on Friday. Tesla reported earnings on Tuesday evening, and despite a disappointing first-quarter print the stock gained after CEO Elon Musk said he would spend less time in Washington, D.C., and more time at Tesla headquarters. A positive reaction to earnings hasbrought $300 into play, said ChartSmarter founder and market technician Douglas Busch, who sees a “decent chance” the stock can rise as high as $360.

Nvidia was down 1.6%. Shares fell on a report that Huawei Technologies has developed a new chip called theAscend 910D, hoping it would be more powerful than Nvidia’s H100. The artificial intelligence giant’s market in China was already set to shrink after the Trump administration said it would imposelicense requirementson future sales of its H20 accelerators, which were specifically designed to meet U.S. sanctions on Chinese AI exports. The stock closed up 4.3% on Friday.