Wall Street rebounds as tariff delay prompts rally

News August 13, 2019 No Comments

Wall Street rebounds as tariff delay prompts rally

REUTERS: U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on select Chinese imports brought buyers back to the equities market in a broad-based rally.

The Dow Jones Industrial Average rose 307.78 points, or 1.19per cent, to 26,215.15, the S&P 500 gained 38.81 points, or 1.35per cent, to 2,922.56 and the Nasdaq Composite added 152.95 points, or 1.95per cent, to 8,016.36.

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(Reporting by Sinéad Carew; Editing by Sandra Maler)

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