Dow Skyrockets After China’s Abrupt Trade War Reversal Stuns Market

By CCN: The Dow sped toward a fabulous recovery on Tuesday after the Chinese government appeared to make a stunning reversal to its suddenly-hostile trade war strategy, reigniting hopes that Donald Trump and Xi Jinping will shake hands on a trade agreement at the upcoming G-20 summit. Dow Mounts Strong Recovery All of Wall Street’s major indices soared at the opening bell. As of 9:33 am ET, the Dow Jones Industrial Average had jumped by 229.48 points or 0.92%; the rally launched the DJIA to 25,049.26. The S&P 500 rallied 25.64 points or 0.93% to 2,770.05. Even the Nasdaq surged,

The post Dow Skyrockets After China’s Abrupt Trade War Reversal Stuns Market appeared first on CCN

Source: https://www.ccn.com/dow-jones-china-trade-war-reversal

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