Wall Street jumps at open as trade war fears cool

(Reuters) – Wall Street’s main indexes surged 1.5 percent at the open on Monday after reports that the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war.

A traders works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., March 22, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average .DJI rose 394.94 points, or 1.68 percent, to 23,928.14. The S&P 500 .SPX gained 40.73 points, or 1.58 percent, to 2,628.99. The Nasdaq Composite .IXIC added 136.21 points, or 1.95 percent, to 7,128.87.

Reporting by Sruthi Shankar in Bengaluru

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