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Stocks Rally Amid Lull in Trade War as Tech Leads: Markets Wrap

Stocks Rally Amid Lull in Trade War as Tech Leads: Markets Wrap

Stocks rallied as trade tensions appeared to ease after China held off from immediately retaliating against the latest U.S. salvo. The S&P 500 Index closed at the highest level since February as China seemed to strike a conciliatory tone in reaction to President Donald Trump’s newest escalation of the trade war between the two countries. Technology shares led gains, sending the Nasdaq Composite Index to a record.