Stocks Rocket Higher on Thaw in U.S.-China Trade War, Apple Surges [TheStreet.com]
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Source: TheStreet.com
Stocks Rocket Higher on Thaw in U.S.-China Trade War, Apple Surges Here Are 3 Hot Things to Know About Right Now Wall Street Overview soared Tuesday after the U.S. removed some items from its list of new China tariffs in signs of a possible thaw in the ongoing trade war between the world's two largest economies. The Dow Jones Industrial Average, which ended the previous session down 391 points, soared 418 points, or 1.62%, to 26,316, the S&P 500 rose 1.58% and the Nasdaq was up 1.84%. News of discussions between U.S. and China trade officials sent Apple ( AAPL Get Report CAT The Office of the U.S. Trade Representative The USTR said it will delay tariffs on several items in the basket of $300 billion in consumer goods that are made in China and sold in the United States, which were set to rise to 10% on Sept. 1, until at least December 15. Cell phones, video game consoles, certain toys and footwear will get the short-term exemption, the USTR said. China's Commerce Ministry said
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