Dow ends over 300 points higher as stocks bounce after worst day of year
Stocks ended with strong gains Tuesday, taking back a chunk of the losses suffered a day earlier in Wall Street's worst session of 2019. The Dow Jones Industrial Average closed around 312 points higher, up 1.2%, near 26,030, according to preliminary figures, while the S&P 500 rose around 37 points, or 1.3%, to end near 2,882. The Nasdaq Composite rose around 107 points to end near 7,833, a gain of 1.4%. Stocks dropped sharply on Monday, with the Dow tumbling more than 700 points, on mounting trade-war tensions between the U.S. and China. The bounce came after China set its reference rate for its yuan currency at a stronger-than-expected level.
Published:8/6/2019 3:27:50 PM