The S&P 500 rose 157 points, or 2.8%, to 5,817 as of 10:17 EST, while the Dow Jones Industrial Average added 1,041 points or 2.5% to 42,291. The Nasdaq Composite gained 3.7%, indicating a sigh of relief from tech companies as the steep Chinese tariffs threatened to upend their supply chains resulting in substantial price hikes for consumers.
Dow gains 1,000 points after U.S. and China agree to slash tariffs for 90 days
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