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Wall Street rises as China's Xi Jinping eases trade worries; Dow gains 1.7%

The Dow Jones Industrial Average rose 428.9 points, or 1.79%, to 24,408, the S&P 500 gained 43.71 points, or 1.67%, to 2,656.87 and the Nasdaq Composite added 143.96 points, or 2.07%, to 7,094.30

April Joyner | Reuters  |  New York 

US stocks climbed on Tuesday as investor concerns about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import tariffs. The technology sector, which would be particularly exposed to a negative impact from tense trade relations with China, provided the biggest boost to the S&P 500. Xi said China will widen market access for foreign investors, a point of contention for US President Donald Trump's administration. His comments buoyed global markets, which have been under pressure as China and the United States ...

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First Published: Wed, April 11 2018. 02:37 IST