Wall Street rallies on easing U.S.-China trade fears

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 5, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) – U.S. stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased fears of a domestic slowdown.

The Dow Jones Industrial Average .DJI rose 371.93 points, or 1.41%, to 26,727.4, the S&P 500 .SPX gained 38.17 points, or 1.30%, to 2,975.95 and the Nasdaq Composite .IXIC added 139.95 points, or 1.75%, to 8,116.83.

Reporting by Noel Randewich, Editing by Rosalba O’Brien

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source: reuters.com