You are here: Home » International » News » Economy
Business Standard

Wall Street rises on hopes of easing trade tensions; Dow Jones up 200 pts

Department store operator Dillard's Inc tumbled 14.0% after its third-quarter earnings missed analyst estimates

Reuters  |  New York 

US stocks reversed course to trade higher on Thursday after a Financial Times report that further US tariffs on Chinese imports would be paused spurred optimism that the two countries could resolve their trade dispute. Wall Street's major indexes rose on the Financial Times article that US Trade Representative Lighthizer told a group of industry executives the next tranche of tariffs on Chinese imports has been put on hold. After five days of losses, shares of Apple Inc also gained 2.6 percent, helping the S&P 500 technology sector <.SPLRCT> gain 2.5 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, November 16 2018. 01:52 IST