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Wall Street rises as trade worries ease, tech stocks gain; Dow rises 1.4%

The Dow Jones Industrial Average rose 352.73 points, or 1.47%, to 24,285.49, the S&P 500 gained 38.91 points, or 1.49%, to 2,643.38 and the Nasdaq Composite added 115.09 points, or 1.66%, to 7,030.20

April Joyner | Reuters  |  New York 

Wall Street's major indexes rose more than 1 percent each on Monday as technology stocks jumped and a softer stance by US policymakers on China tariffs powered a rebound from last week's sell-off. Led by tech, ten of the 11 major S&P sectors were higher and 29 of the 30 Dow components were in positive territory. Goldman Sachs was the biggest boost to the Dow, while gains in Apple shares led the S&P 500. US President Donald Trump's economic adviser Larry Kudlow told CNBC that the president may be open to forming an international coalition to grapple with Chinese ...

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First Published: Tue, April 10 2018. 02:05 IST