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Google Business NewsSep 19, 2018
US Stocks Gain, Yields Rise as Risk Appetite Returns Despite Trade War Salvos - TheStreet.com

TheStreet.com


Global stocks extend gains as Wall Street's bullish tone washes into markets around the world, lifting stocks in Europe and Asia, after a smaller-than-expected escalation in the U.S.-China trade war; Risk appetite, alongside lingering inflation


MarketWatch MarketPulseSep 18, 2018
Dow jumps 250 points, moves to within 1.2% of its record as the stock market hits session high
The Dow Jones Industrial Average late-afternoon Tuesday jumped by more than 240 points, trading at session highs as Wall Street investors shrugged off escalating trade tensions to focus on a healthy domestic economy. The Dow was up 246 points, or 0.9%, at 26,309, putting the blue-chip gauge about 1.2% shy of its Jan. 26 record at 26,616.71. The rally comes despite China's decision to impose tariffs of 5% to 10% on $60 billion worth of U.S. products that will take effect Sept. 24. That news is in direct response to the Trump administration's announcement of 10% tariffs on $200 billion in Chinese goods, which will be implemented on the same date. The clashes between Beijing and Washington have been a source of anxiety for the market, but it hasn't prevented equities from mostly trending higher on the back of strong jobs and healthy corporate earnings. Meanwhile, the S&P 500 index climbed 0.7% at 2,910, while the Nasdaq Composite Index advanced 1% at 7,976.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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