Stocks closed broadly higher as Wall Street navigates through the uncertainty of a trade war.

Chinese Premier Li Qiang says Beijing and Washington should choose dialogue instead of confrontation during his meeting with U.S. Senator Steve Daines, a strong supporter of President Donald Trump.

Chinese officials have warned a delegation of top U.S. executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country.

FedEx is shuttering storefronts and corporate offices while putting off new hires in a belt-tightening drive brought on by drop-off in its global package delivery business.

Company founder Fred Smith is stepping down as CEO of FedEx in June.