Stocks end higher, reclaiming portion of ground lost in Monday rout

Wednesday, 15 May 2019 03:22 WIB

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Stocks closed with gains, but off session highs, on Tuesday, reclaiming a portion of the ground lost in the previous session's rout, which marked the biggest one-day fall for the S&P 500 and Dow Jones Industrial Average since Jan. 3.

The S&P 500 ended around 23 points higher, up 0.8%, near 2,834, according to preliminary figures, while the Dow advanced around 207 points, or 0.8%, to finish near 25,532. The Nasdaq Composite rose around 87 points, or 1.1%, closing near 7,735.

The Dow dropped 617.38 points Monday, a decline of 2.4%, while the S&P 500 fell roughly the same amount in percentage terms and the Nasdaq dropped 3.4%. The selloff came after China announced retaliatory tariffs on imports of U.S. goods in return for the U.S. move on Friday to raise levies on $200 billion of Chinese goods to 25% from 10%, while threatening tariffs on a range of other products. The rebound Tuesday came as President Donald Trump played down the trade dispute, which he described as a "little squabble."

Source : MarketWatch


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