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Wall Street climbs on trade hopes, government budget deal

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) – Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by optimism surrounding the U.S.-China trade negotiations.

The Dow Jones Industrial Average rose 372.65 points, or 1.49 percent, to 25,425.76, the S&P 500 gained 34.93 points, or 1.29 percent, to 2,744.73 and the Nasdaq Composite added 106.71 points, or 1.46 percent, to 7,414.62.

Reporting by Stephen Culp; Editing by Dan Grebler

http://feeds.reuters.com/~r/reuters/businessNews/~3/TXAI3T7rEXs/wall-street-climbs-on-trade-hopes-government-budget-deal-idUSKCN1Q11FC

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