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Stocks Close Higher as Trade Tensions Ease

Dow ends day up 298
By Newser Editors and Wire Services
Posted May 21, 2018 3:07 PM CDT
Stocks Close Higher as Trade Tensions Ease
Trader Michael Milano, right, works on the floor of the New York Stock Exchange, Monday, May 21, 2018. Stocks are opening solidly higher on Wall Street after trade tensions between the U.S. and China dissipated.   (AP Photo/Richard Drew)

(Newser) – Signs of easing trade tensions between the US and China sent stocks solidly higher on Wall Street, giving the Dow Jones industrial average its biggest gain in two weeks, the AP reports. Technology and industrial companies led the way higher Monday. Micron Technology jumped 3.9% after the chipmaker raised its profit and revenue forecasts. General Electric rose 1.9% after reaching a deal to combine its train engine business with Westinghouse Air Brake Technologies. The S&P 500 index rose 20 points, or 0.7%, to 2,733. The Dow Jones industrial average climbed 298 points, or 1.2%, to 25,013. The Nasdaq composite increased 39 points, or 0.5%, to 7,394. (Read more stock market stories.)

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