Dow soars over 350 points on US-China trade progress

Tuesday, 13. August 2019 15:51

Markets in the United States rebounded on Tuesday with the Dow Jones soaring over 350 points after reports emerged Chinese and US officials discussed trade over the phone and agreed to hold further talks soon. Furthermore, the US Trade Representative's Office announced that Washington will delay imposing tariffs on some Chinese products, including cell phones, laptops and video game consoles, until December.

The Dow Jones soared 1.40% or 362 points at 9:53 am ET as Apple rallied 5.68% at 9:59 am ET.

The Nasdaq 100 surged 2.54% at 9:56 am ET. JD.com led the gains, skyrocketing 9.09% at 9:58 am ET.

Meanwhile, the S&P 500 jumped 1.62% at 9:57 am ET.

Related Links: Apple Inc.
Author:
Breaking the News / NP