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Bloomberg: EUFN
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U.S. Indices Closed on Positive Ground

Author:
Alexandar Machev
Market News

U.S. stocks closed higher Tuesday as the market regained some of its bullish form, a day after a sharp escalation in U.S.-China trade tensions triggered the worst session for major indexes since early January.

The Dow Jones Industrial Average added 207.06 points, or 0.8%, to 25,532.05. The S&P 500 index rose 22.54 points, or 0.8%, to 2,834.41, and the Nasdaq Composite Index gained 87.47 points, or 1.1%, to 7,734.49.

The start of the week was marked by a ramp-up in trade tensions after China fired back at U.S. tariffs with retaliatory duties that could reach 25% on $60 billion in annual U.S. exports. That was after the U.S. last week raised tariffs on $200 billion in annual Chinese imports to 25% from 10%, and threatened more following talks that ended Friday without a deal between the two countries.

Investors are worried that an escalating fight between the two could harm the U.S., Chinese and global economies.

 

 

International Financial Markets Department

Euro-Finance Ltd.

forex@eurofinance.bg

www.eurofinance.bg 

*This material should not be considered as a recommendation for buying/selling securities.