Wall Street advances as industrials jump on trade hopes
Updated : January 18, 2019 06:30 AM IST
Stocks spiked higher in afternoon trading after the Wall Street Journal reported that US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for January 30.
The Dow Jones Industrial Average rose 162.94 points, or 0.67 percent, to 24,370.1, the S&P 500 gained 19.86 points, or 0.76 percent, to 2,635.96 and the Nasdaq Composite added 49.77 points, or 0.71 percent, to 7,084.46.
In after-hours trading, shares of Netflix Inc fell 2 percent after the video-streaming company reported quarterly results.
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