Dow ends more than 200 points higher, roaring back from morning selloff
Thursday, 5 April 2018 03:15 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS

Stocks ended sharply higher Wednesday, roaring back from sharp losses in morning trade inspired by an escalating trade spat between the U.S. and China.

The Dow Jones Industrial Average ended around 231 points higher near 24,264, according to preliminary figures, after falling 500 points at its session low. The S&P 500 rose 1.2%, while the Nasdaq Composite advanced 1.5%, with both also reversing earlier declines. Stocks initially tumbled after China announced plans for retaliatory tariffs on a range of U.S. goods in reaction to U.S. tariffs targeting a range of Chinese imports.

Analysts said the rebound suggested investors see the back-and-forth as negotiating tactics. In corporate news, shares of music-streaming service Spotify Technology SA fell 3.2% in its second day of trading.

Source : Market Watch

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