Trade War Slows as Wall Street Recovers

U.S. stocks posted strongest gains Thursday after Beijing indicated it wasn’t in a rush to respond to the latest round of tariffs imposed by Washington.

How did the major benchmarks faring?
The Dow Jones Industrial Average DJIA, +1.25% advanced 326.15 points, or 1.3%, to end at 26,362.25, while the S&P 500 index SPX, +1.27% rose 36.64 points, or 1.3%, to finish at 2,924.58. The Nasdaq Composite Index COMP, +1.48% added 116.51 points, or 1.5%, to close at 7,973.39.

This week’s rebound has slashed month-to-date losses for the major indexes, with...

NEW YORK (Reuters) - U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession.

China’s commerce ministry said both sides are discussing the next round of talks scheduled for September, but progress would be determined by whether Washington could create favorable conditions.

U.S. President Donald Trump said in a Fox News radio interview that trade talks were scheduled for Thursday “at a...