Wall Street, industrials rise on trade hopes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) – U.S. stocks advanced on Thursday as hopes of an expedient resolution to the trade war between the United States and China boosted industrial shares and lifted investor sentiment.

The Dow Jones Industrial Average .DJI rose 163.01 points, or 0.67 percent, to 24,370.17, the S&P 500 .SPX gained 19.86 points, or 0.76 percent, to 2,635.96 and the Nasdaq Composite .IXIC added 49.77 points, or 0.71 percent, to 7,084.46.

Reporting by April Joyner; Editing by Phil Berlowitz

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source: reuters.com