Wall St. rises on China trade hopes, lead by tech, industrials

(Reuters) - U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors, as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession. The Dow Jones Industrial Average rose 326.15 points, or 1.25%, to 26,362.25, the S&P 500 gained 36.62 points, or 1.27%, to 2,924.56 and the Nasdaq Composite added 116.51 points, or 1.48%, to 7,973.39.

Reuters August 30, 2019 02:06:23 IST
Wall St. rises on China trade hopes, lead by tech, industrials

Wall St rises on China trade hopes lead by tech industrials

(Reuters) - U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors, as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession.

The Dow Jones Industrial Average <.DJI> rose 326.15 points, or 1.25%, to 26,362.25, the S&P 500 <.SPX> gained 36.62 points, or 1.27%, to 2,924.56 and the Nasdaq Composite <.IXIC> added 116.51 points, or 1.48%, to 7,973.39.

(Reporting By Chuck Mikolajczak; Editing by Dan Grebler)

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