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Dow Skyrockets After China’s Abrupt Trade War Reversal Stuns Market

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By CCN: The Dow sped toward a fabulous recovery on Tuesday after the Chinese government appeared to make a stunning reversal to its suddenly-hostile trade war strategy, reigniting hopes that Donald Trump and Xi Jinping will shake hands on a trade agreement at the upcoming G-20 summit. Dow Mounts Strong Recovery All of Wall Street’s major indices recorded tantalizing recoveries. As of 2:04 pm ET, the Dow Jones Industrial Average had jumped by 454.33 points or 1.83%; the rally launched the DJIA to 25,274.11. The S&P 500 rallied 50.99 points or 1.86% to 2,795.44. Even the Nasdaq surged, brushing

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* First published on ccn.com

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