Stocks rise af­ter Mon­day’s trade-war plunge

The News-Times - - BUSINESS -

Stocks climbed on Tues­day and clawed back a chunk of their losses from Mon­day’s rout, the lat­est whip­saw move as in­vestors weigh just how badly the es­ca­lat­ing U.S.-China trade war will hurt the econ­omy.

The day’s rally was nearly a mir­ror im­age of Mon­day’s plunge, when the S&P 500 had its worst day since early Jan­uary, just not as se­vere: Tech­nol­ogy com­pa­nies led the way higher af­ter bear­ing the brunt of the sell­ing on Mon­day, Trea­sury yields rose mod­estly and gold gave back a bit of its gains.

The S&P 500 rose 22.54 points, or 0.8 per­cent, to 2,834.41.

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