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Stocks rebound on US plan to delay some China tariffs

WorldNews Tuesday, 13 August 2019 ()
Stocks rebound on US plan to delay some China tariffsInvestors flipped back into buying mode Tuesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. China also said the two sides held discussions on trade overnight and would talk again the next two weeks. The latest turn in the U.S.-China trade war helped the market make up much of the losses from the previous two days, snapping a two day losing streak for the S&P 500. The benchmark index rose 42.57 points, or 1.5%, to 2,926.32. It had been up as much as 2.1%. The Dow Jones Industrial Average gained 372.54 points, or 1.4%, to 26,279.91. The average briefly climbed 519 points. The Nasdaq...
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News video: China tariffs delayed for

China tariffs delayed for "Christmas season": Trump 00:57

President Trump says the delay in new tariffs on some products imported from China is designed to protect American consumers from higher prices this Christmas shopping season. Rough Cut (no reporter narration)

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