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Stocks Surge Higher on Hopes for Potential Tariff Deals

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Turnaround Tuesday? It looks that way for Wall Street, with the S&P 500, Nasdaq, and Dow Jones all jumping more than 3.40% in early trading
Stocks surged on October 11, 2019, as investors reacted positively to news of potential tariff rollbacks between the U.S. and China, as well as between the U.S. and the European Union. The S&P 500 rose 1.1%, the Dow Jones Industrial Average gained 320 points, and the Nasdaq Composite increased by 1.3%. The optimism was fueled by reports that the U.S. and China were close to reaching a partial trade deal that could see the U.S. delay tariffs set to take effect on October 15, and China agreeing to purchase more U.S. agricultural products. Additionally, the U.S. and the EU were reportedly close to a deal that would eliminate tariffs on industrial goods, which further boosted market confidence.

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