Dow Jones Industrial Average Jumps as U.S. Delays Tariffs on China – Barron's

Illustration by Michael George Haddad

Bouncing. All three major U.S. stock market indexes rose sharply Tuesday. The rise came after the United States Trade Representative said it would remove some items from a list of Chinese products set to be hit with a 10% tariff on Sept. 1, while delaying tariffs on other items until Dec. 15.

The Dow Jones Industrial Average and the S&P 500 had each gained 1.6% shortly after midday, while the Nasdaq Composite was up 2%.

Midday Movers

WestRock Co mpany stock (ticker: WRK) gained 5.1% and International Paper stock (IP) was up 4.1%, as the packaging producers were boosted by de-escalating trade tensions.

Best Buy stock (BBY) rose 4.9% and Apple stock (AAPL) was up 3.8% after consumer electronics such as videogame consoles, laptops, computer monitors, and cell phones also saw looming tariffs delayed.

Lam Research stock (LRCX) was up 4.3% and Micron stock (MU) rose 3.7% as investors in the chip companies reacted positively to seeing tariffs delayed on consumer electronics.

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