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Stocks Rise on New Hope for Trade Thaw

Dow ends day up 269
By Newser Editors and Wire Services
Posted Aug 26, 2019 3:16 PM CDT
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Trader Peter Tuchman, left, meets tennis great Boris Becker during his visit to the trading floor of the New York Stock Exchange, Friday, Aug. 23, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending higher on Wall Street after President Trump said China wants to make a deal on trade, the AP reports. Big technology companies, which do a lot of business in China and have much riding on the outcome of the trade dispute, rose the most Monday. Apple climbed 1.6%. Traders were encouraged after Trump said his negotiators had received encouraging calls from China on Sunday, however China's foreign ministry denied knowledge of any such calls. US stocks are coming off their fourth straight week of declines. The S&P 500 rose 31 points, or 1.1%, to 2,878. The Dow Jones Industrial Average climbed 269, or 1.1%, to 25,898. The Nasdaq rose 101, or 1.3%, to 7,853. (Read more stock market stories.)

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