The prospect of a six-month postponement of tariffs on imported autos and auto parts, along with Treasury Secretary Steven Mnuchin’s remarks that he expects trade talks to resume soon in China, was welcome news to investors, who started the session in a selling mood after the underwhelming economic reports.
The Dow Jones Industrial Average rose 115.97 points, or 0.45 percent, to 25,648.02, the S&P 500 gained 16.55 points, or 0.58 percent, to 2,850.96 and the Nasdaq Composite added 87.65 points, or 1.13 percent, to 7,822.15.
With 455 of S&P 500 companies having posted results, the first-quarter earnings season is winding down. Of those who have reported, 75.2 percent have bested expectations.
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