LIVE UPDATES | CONCLUDED
Updated 3 hours ago
U.S. stocks end 2-day selloff on tariff relief for automakers
Major U.S. stock indexes ended sharply higher on Wednesday, after a one-month exemption from tariffs for automakers raised hopes that trade tensions can ease.
Meanwhile, U.S. government debt sold off — sending the benchmark 10-year yield up by the most in two weeks, to 4.26%.
The Dow Jones Industrial Average closed up by 485.60 points, or 1.1%, at 43,006.59, based on preliminary data. It had jumped by as much as 614.93 points to a session high of 43,135.92.
The S&P 500 finished up by 64.48 points, or 1.1%, at 5,842.63.
The Nasdaq Composite rose 267.57 points, or 1.5%, to finish at 18,552.73.
