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Dow jumps 500 points led by Apple as US delays China tariffs on cellphones, clothing

From cnbc.com

Stocks surged higher in a sudden move after the U.S. said it was delaying China tariffs until Dec.15 on items including cellphones and clothing. The U.S. also removed some items from list of new tariffs outright. The adjusted policy caused the Dow Jones Industrial Average to jump 520 points, while the S&P 500 rose 2.1% and the Nasdaq Composite was 2.5% higher, led by Apple which surged more than 5%. The United States Trade Representative announced Tuesday certain products are being removed from the tariff list based on “health, safety, national security and other factors” and will not face additional tariffs of 10%. ... (full story)

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  • Category: Fundamental Analysis