U.S. equity benchmarks midday Tuesday were trading near session highs, a day after a sharp escalation in U.S.-China trade tensions triggered the worst day for the Dow and the S&P 500 since early January. The Dow Jones Industrial Average DJIA, +1.17% was up 333 points, or 1.3%, at 25,660, putting the index on pace for its best daily gain since a more than 400 point rally on Feb. 15. Meanwhile, the S&P 500 index SPX, +1.20% climbed 1.3% at 2,849, while the Nasdaq Composite Index COMP, +1.44% advanced 1.6% to 7,766. Some calm around U.S.-China trade relations has returned to markets after President Donald Trump has made a number of comments suggesting that a resolution of a protracted tariff spat between the economic powers is still possible.
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