US Markets

Wall Street rises on trade hopes, but China expectations lowered

Credit: REUTERS/BRENDAN MCDERMID

Wall Street rose on Wednesday on hopes of progress in U.S.-China trade talks, though stocks pared gains late in the session after Chinese officials said that Beijing had lowered expectations for negotiations this week.

NEW YORK, Oct 9 (Reuters) - Wall Street rose on Wednesday on hopes of progress in U.S.-China trade talks, though stocks pared gains late in the session after Chinese officials said that Beijing had lowered expectations for negotiations this week.

The Dow Jones Industrial Average .DJI rose 182.24 points, or 0.7%, to 26,346.28, the S&P 500 .SPX gained 26.41 points, or 0.91%, to 2,919.47 and the Nasdaq Composite .IXIC added 79.96 points, or 1.02%, to 7,903.74.

(Reporting by Stephen Culp; Editing by Sandra Maler)

((April.Joyner@thomsonreuters.com; +1 646 223 7480; Reuters Messaging: april.joyner.thomsonreuters.com@reuters.net; Twitter: @aprjoy))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More