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Post by bot on Aug 16, 2018 14:39:03 GMT -5
Dow surges 420 points, on pace for best day in more than 4 months on Walmart and easing trade tension
U.S. stock-index benchmarks surged in early Thursday trade, as strong corporate earnings helped to overshadow Turkey's currency crisis and as China and the U.S. appeared set to resume trade talks. The Dow Jones Industrial Average was most recently up 427 points, or 1.7%, at 25,591, more than erasing its Wednesday losses, which was sparked by worries about emerging markets in light of a currency crisis in Turkish lira . The rally puts the benchmark on pace for its best one-day gain since April 10, according to FactSet data. China's commerce ministry will send a delegation to the U.S. later this month to resume trade talks, according to reports, which would mark the first such meeting since July. Elsewhere, the S&P 500 index was up 32 points, or 1.1%, at 2,850, while Nasdaq Composite Index advanced 1% at 7,848.
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