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Tech leads Wall Street higher as tariff delay sparks rally

Updated : August 14, 2019 06:30 AM IST

Tech stocks, headed up by Apple Inc, led all three major US indexes into the black following the announcement, which calmed fears over the US-China trade war and growing signs of imminent recession.
US Trade Representative Robert Lighthizer said the United States would hold off on imposing additional 10 percent tariffs on key Chinese goods, including laptops and cellphones, tariffs that were originally set to go into effect next month.
The Dow Jones Industrial Average rose 372.54 points, or 1.44 percent, to 26,279.91, the S&P 500 gained 42.48 points, or 1.47 percent, to 2,926.23 and the Nasdaq Composite added 152.95 points, or 1.95 percent, to 8,016.36.
Tech leads Wall Street higher as tariff delay sparks rally
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