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Tech shares boost Wall St. after Huawei reprieve

Published 05/21/2019, 04:04 PM
Updated 05/21/2019, 04:04 PM
© Reuters. Traders work on the floor at the NYSE in New York

© Reuters. Traders work on the floor at the NYSE in New York

NEW YORK (Reuters) - Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.

© Reuters. Traders work on the floor at the NYSE in New York

The Dow Jones Industrial Average rose 197.7 points, or 0.77%, to 25,877.6, the S&P 500 gained 24.23 points, or 0.85%, to 2,864.46 and the Nasdaq Composite added 83.35 points, or 1.08%, to 7,785.72.

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