The S&P 500 is up 1.1%, nearing its Oct. 8 record. Nasdaq Composite is up 1.5%, close to its Oct. 8 high. Dow is up 520 points, 0.1% away from its 12th record close of the year. Meanwhile, the government shutdown continues into its fourth week, with markets seemingly unfazed by the stalemate between parties.

Read more at Dow Jones & Company: Stock Markets Rise as Hope Over Earnings and China Trade Replaces Bank Loan Fears