World stocks rally after volatile week, trade worries on backburner
Updated : June 29, 2018 09:44 PM IST
The Dow Jones Industrial Average rose 276.37 points, or 1.14%, to 24,492.42, the S&P 500 gained 25.57 points, or 0.94%, to 2,741.88 and the Nasdaq Composite added 66.24 points, or 0.88%, to 7,569.92.
Earlier, the US stock market briefly dipped on a report by the Axios news website that indicated President Donald Trump was keen for the US to withdraw from the World Trade Organization.
The U.S. dollar was set for its strongest quarterly gains since the fourth quarter of 2016, helped by the U.S. Federal Reserve's move to raise interest rates in June, and expectations of further hikes this year.
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