Stocks were sent soaring briefly Thursday after a report the United States may ease tariffs during trade negotiations with China.
Jan. 17 (UPI) — Stocks were sent soaring briefly Thursday after a report the United States may ease tariffs during trade negotiations with China.
The Dow Jones Industrial Average closed up 162.94 points, or 0.67 percent, while the S&P 500 rose 0.76 percent and the Nasdaq Composite climbed 0.71 percent.
Stocks hit their highs of the day after The Wall Street Journal published a report citing people close to deliberations between the United States and China who said that Treasury Secretary Steven Mnuchin proposed lifting some or all tariffs on Chinese goods during negotiations with Beijing.
