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Trade Hopes Send US Stocks Higher

Dow ends day up 190
By Newser Editors and Wire Services
Posted Nov 25, 2019 3:16 PM CST
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In this Nov. 20, 2019, file photo specialist Anthony Rinaldi, left, and trader Michael Urkonis work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing at more record highs as traders welcomed new signs of progress in trade talks between the US and China, the AP reports. Technology and health care companies made some of the biggest gains Monday. Intel rose 2.1% and Gilead Sciences climbed 3%. Several stocks were moving on deal news. Tiffany jumped 6.2% after French luxury company LVMH agreed to buy it for $16.2 billion. TD Ameritrade soared 7.6% after rival discount broker Charles Schwab agreed to take it over for $26 billion. The S&P 500 rose 23 points, or 0.8%, to 3,133. The Dow Jones Industrial Average rose 190 points, or 0.7%, to 28,065. The Nasdaq added 112 points, or 1.3%, to 8,632. (Read more stock market stories.)

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