Stocks rally into close, Dow up over 300 pts

Tuesday, 06. August 2019 22:00

After posting their worst trading day of the year, stocks on Wall Street rallied into the close on Tuesday with the Dow Jones closing above 26,000 again. Equities took a breather after China set the midpoint of its daily yuan pricing below the 7 mark, seen as an attempt to ease tensions with the United States.

Monday's session saw the Dow close over 750 points in the red as the yuan fell to its lowest against the dollar in over a decade.

The Dow climbed 312 points as Nike topped the chart, rising nearly 3%. Apple was among the best performers as well as the tech giant gained 1.89% at the end of trading. The S&P 500 jumped 1.30% at the close with TransDigm Group Incorporated rocketing over 13% following the company's earnings results. The Nasdaq 100 surged 1.42%; Take-Two Interactive Software and KLA-Tencor Corporation saw strong gains of over 7%.

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