Dow surges 1,100 points and the NASDAQ soars
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The euphoria over the US-China trade truce began to fade as investors digested the latest reading on consumer prices.
Shares of technology companies rallied after a truce in the trade war alleviated fears of rising costs and shrinking markets. Shares of Apple, which counts China as both a manufacturing partner and major growth market, rose by more than 5%. Amazon.com, whose budget offerings are often Chinese imports, rose by roughly 8%.
US stocks surge today after a U.S.-China tariff truce. Dow, S&P500, and Nasdaq rally sharply with Apple, Caterpillar, and Chevron leading the rebound.
Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades