FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 12, 2019. REUTERS/Eduardo Munoz
(Reuters) – U.S. stocks turned sharply higher on Tuesday after the U.S. Trade Representative said additional tariffs on some Chinese goods, including cell phones and laptops, will be delayed to Dec. 15.
At 9:51 a.m. ET, the Dow Jones Industrial Average .DJI was up 349.01 points, or 1.35%, at 26,246.72, and the S&P 500 .SPX was up 39.53 points, or 1.37%, at 2,922.62.
The Nasdaq Composite .IXIC was up 135.74 points, or 1.73%, at 7,999.15.
Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila