Stocks end sharply higher as U.S.-China trade fears ease

Stocks ended with strong gains Thursday, lifted after China said it wouldn‘t retaliate immediately against the latest round of tariffs imposed by the U.S. A tit-for-tat series of tariff escalations by Beijing and Washington sparked several rounds of selling pressure this month. Equities built on a Wednesday bounce, with the Dow Jones Industrial Average rising around 326 points, or 1.3%, to end near 26,362, according to preliminary figures, while the S&P 500 advanced around 37 points, or 1.3%, to end near 2,925. The Nasdaq Composite closed near 7,973, up around 117 points, or 1.5%.

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