Wall St. rises on hopes for trade talks, Fed rate cuts
Reuters
Published Jun 18, 2019 04:04PM ET
Wall St. rises on hopes for trade talks, Fed rate cuts
(Reuters) - U.S. stocks surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the U.S. Federal Reserve will cut interest rates this year.
The Dow Jones Industrial Average rose 354.74 points, or 1.36%, to 26,467.27, the S&P 500 gained 28.09 points, or 0.97%, to 2,917.76 and the Nasdaq Composite added 108.86 points, or 1.39%, to 7,953.88.
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Written By: Reuters
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