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Markets Shrug Off Trade Tensions

Regain almost all ground lost on Monday
By Newser Editors and Wire Services
Posted Sep 18, 2018 3:16 PM CDT
Trader Edward McCarthy, left, and specialist Anthony Matesic, right, work on the floor of the New York Stock Exchange, Friday, Sept. 14, 2018.   (AP Photo/Richard Drew)

(Newser) – Investors shrugged off the latest escalation of trade tensions between the US and China and sent stocks broadly higher on Wall Street, the AP reports. Major US indexes on Tuesday gained back nearly all the ground they lost the day before. Technology and consumer-focused companies had some of the biggest gains. Chipmaker Micron Technology rose 4.1% and Netflix jumped 5%. Ferrari rose 4.2% after the sportscar maker announced a new lineup of models. The S&P 500 index rose 15 points, or 0.5%, to 2,904. The Dow Jones Industrial Average climbed 184 points, or 0.7%, to 26,246. The Nasdaq composite rose 60 points, or 0.8%, to 7,956. (Read more stock market stories.)

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