Wall Street posts biggest one-day gain in 2-1/2 years as trade-war fears ebb

FAN Editor
Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan McDermid

March 26, 2018

NEW YORK (Reuters) – Wall Street’s three major indexes jumped to their greatest one-day gain in two-and-a-half years on Monday, led by the tech sector, as trade war fears eased on reports that the United States and China were willing to renegotiate tariffs and trade imbalances.

The Dow Jones Industrial Average <.DJI> rose 669.4 points, or 2.84 percent, to 24,202.6, the S&P 500 <.SPX> gained 70.29 points, or 2.72 percent, to 2,658.55 and the Nasdaq Composite <.IXIC> added 227.88 points, or 3.26 percent, to 7,220.54.

(Reporting by Stephen Culp; Editing by James Dalgleish)

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