April 10, 2018 - 1:35 PM
Stocks jumped Tuesday after Chinese President Xi Jinping said Beijing would reduce tariffs on imported cars and improve intellectual property protection, steps that could ease trade tensions. Facebook climbed as CEO Mark Zuckerberg testified before the Senate about the company's privacy scandal.
On Tuesday:
The S&P 500 index climbed 43.71 points, or 1.7 per cent, to 2,656.87.
The Dow jumped 428.90 points, or 1.8 per cent, to 24,408.
The Nasdaq composite rallied 143.96 points, or 2.1 per cent, to 7,094.30.
The Russell 2000 index of smaller-company stocks soared 28.97 points, or 1.9 per cent, to 1,543.43.
For the week:
The S&P 500 is up 52.40 points, or 2 per cent.
The Dow is up 475.24 points, or 2 per cent.
The Nasdaq is up 179.19 points, or 2.6 per cent.
The Russell 2000 is up 30.14 points, or 2 per cent.
For the year:
The S&P 500 is down 16.74 points, or 0.6 per cent.
The Dow is down 311.22 points, or 1.3 per cent.
The Nasdaq is up 190.91 points, or 2.8 per cent.
The Russell 2000 is up 7.92 points, or 0.5 per cent.
News from © The Associated Press, 2018