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Wall St at session highs as trade war worries fade; 10 of 11 S&P sectors up

Ten of the 11 major S&P sectors were higher, biggest boost came from a 2.2 per cent gain in the IT sector

Reuters 

Wall Street's main indexes hit session highs on Tuesday as investors concerns about rising US-China trade tension receded after Chinese President Xi Jinping promised to cut import tariffs. Ten of the 11 major S&P sectors were higher, with the energy index adding more than 3 per cent as oil broke above $70 a barrel. The biggest boost came from a 2.2 per cent gain in the technology sector. The S&P and the tech-heavy Nasdaq were up more than a percent, while the Dow gained 2 percent with 29 of its 30 components in the positive territory. In his first public comments since ...

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First Published: Tue, April 10 2018. 22:06 IST
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