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Stocks Rise After Tariff Hike Postponed

Dow ends day up 60
By Newser Editors and Wire Services
Posted Feb 25, 2019 3:04 PM CST
In this Feb. 8, 2019, file photo trader Daniel Trimble works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing higher on Wall Street after President Trump held off on raising tariffs on Chinese imports, but gave up much of their gains from earlier in the day, the AP reports. Technology companies and banks led the way higher Monday. Cisco Systems rose 1.4%. General Electric jumped 6.4% after agreeing to sell a biotech business to Danaher for $21.4 billion. The S&P 500 rose 3 points, or 0.1%, to 2,796. The index has risen for the past four weeks in a row. The Dow Jones Industrial Average rose 60 points, or 0.2%, to 26,091. It was up 209 earlier. The Nasdaq added 26 points, or 0.4%, to 7,554. (Read more stock market stories.)

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