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Relief rally boosts Wall Street on U.S.-China trade truce

Reuters 

By Lewis Krauskopf(Reuters) - Wall Street's major indexes rallied on Monday following a truce between the United States and China in their trade dispute, which has clouded the outlook for the stock market for much of the year.The benchmark S&P 500 climbed more than 1 percent, building off of its biggest weekly percentage gain in nearly seven years a week ago.Investors were lifted by news over the weekend that U.S. President Donald Trump and Chinese President Xi Jinping agreed during talks in Argentina to hold off on new tariffs for 90 days, declaring a truce following months of escalating ...

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First Published: Tue, December 04 2018. 03:06 IST
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