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Dow jumps nearly 300 points, retakes 25,000 as U.S.-China trade tensions recede

The Dow industrials climbed back above 25,000 and the S&P 500 finished at a roughly nine-week high as investors applauded easing trade animosities between the U.S. and China. Meanwhile, the Russell 2000 index of small capitalization stocks booked a fourth record close in a row.


The Dow Jones Industrial Average DJIA, +1.21% rose 298.20 points, or 1.2%, to 25,013.29, marking its highest close since March 12.

The S&P 500 SPX, +0.74% rose 20.04 points to 2,733.01, a gain of 0.7%. All 11 primary S&P 500 sectors closed in the green, with industrials—the sector with some of the highest correlation to trade issues—gaining 1.5%. The benchmark index also booked its best finish since mid March.

The Nasdaq Composite Index COMP, +0.54% rose 39.70 points, or 0.5%, to 7,394.04.

The small-cap benchmark Russell 2000 index RUT, +0.66% rose 0.7% and marked the latest in a series of records.


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