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U.S.-China trade truce boosts Wall Street


By Lewis Krauskopf(Reuters) - Wall Street's major indexes rallied on Monday following a trade truce between the United States and China, whose tensions have clouded the outlook for the stock market for much of the year.The benchmark S&P 500 gained nearly 1 percent, building off of its biggest weekly percentage gain in nearly seven years a week ago, although the index had come off its earlier session highs in afternoon trading.Investors were lifted by news over the weekend that U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold off on new tariffs during talks in ...

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First Published: Tue, December 04 2018. 01:12 IST