Wall Street jumps after US to delay some China tariffs

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U.S. stocks turned sharply higher on Tuesday after the U.S. Trade Representative said additional tariffs on some Chinese goods, including cell phones and laptops, will be delayed to Dec. 15.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 12, 2019. REUTERS/Eduardo Munoz 13 Aug 2019 09:21PM(Updated: 13 Aug 2019 10:00PM) Share this content

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REUTERS: U.S. stocks turned sharply higher on Tuesday after the U.S. Trade Representative said additional tariffs on some Chinese goods, including cell phones and laptops, will be delayed to Dec. 15.

At 9:51 a.m. ET, the Dow Jones Industrial Average was up 349.01 points, or 1.35per cent, at 26,246.72, and the S&P 500 was up 39.53 points, or 1.37per cent, at 2,922.62.

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The Nasdaq Composite was up 135.74 points, or 1.73per cent, at 7,999.15.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila)

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