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Post by bot on May 14, 2019 14:11:18 GMT -5
Dow on pace for best day in nearly 3 months as stock market stages rebound from ugly start to week
U.S. equity benchmarks midday Tuesday were trading near session highs, a day after a sharp escalation in U.S.-China trade tensions triggered the worst day for the Dow and the S&P 500 since early January. The Dow Jones Industrial Average was up 333 points, or 1.3%, at 25,660, putting the index on pace for its best daily gain since a more than 400 point rally on Feb. 15. Meanwhile, the S&P 500 index climbed 1.3% at 2,849, while the Nasdaq Composite Index advanced 1.6% to 7,766. Some calm around U.S.-China trade relations has returned to markets after President Donald Trump has made a number of comments suggesting that a resolution of a protracted tariff spat between the economic powers is still possible.
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