Yahoo Finance Stocks - Wall Street Rises as Trade Tensions Ease
Investing.com – Wall Street rose on Tuesday, as trade tensions between the U.S. and China eased.
The S&P 500 rose 14 points, or 0.54%, to 2,740.89 as of 9:37 AM ET (14:37 GMT), while the Dow increased 60 points, or 0.24%, to 25,447.43 and the tech-heavy Nasdaq Composite was up 64 points, or 0.90% to 7,265.51.
Trade war tensions eased on news that China’s trade negotiator could head to Washington ahead of a meeting of the two countries' leaders later this month.
The South China Morning Post reported that Liu He could visit Washington as part of the preparations for the talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit in Argentina.
The U.S. has imposed tariffs of more than $250 billion Chinese imports, which China has retaliated against, as the two have failed to come up with a trade agreement.
General Electric (NYSE:GE) was among the gainers, rising 0.38% after it announced a series of agreements with Baker Hughes, including selling half of its stake in the oil services provider. Intel (NASDAQ:INTC) rose 0.63%, while Walt Disney (NYSE:DIS) gained 0.47% and Viking Therapeutics (NASDAQ:VKTX) surged 10.06%.
Elsewhere, Home Depot (NYSE:HD) fell 1.11% despite the retailer posting better-than-expected earnings. The report kicks off a week of retail earnings, with results from Walmart (NYSE:WMT) and Macy’s (NYSE:M) expected later in the week.
Meanwhile social media app Snap (NYSE:SNAP) fell 0.75% after its vice president of content Nick Bell announced he is leaving the company.
In commodities, gold futures rose 0.06% to $1,202.00 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.24% to 97.15. Crude oil slumped 1.94% to $58.77 a barrel.
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