Wall Street opened higher on Tuesday, led by technology stocks, after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
The Dow Jones Industrial Average .DJI rose 397.78 points, or 1.66 percent, to 24,376.88, the S&P 500 .SPX gained 36.04 points, or 1.38 percent, to 2,649.2 and the Nasdaq Composite .IXIC added 110.70 points, or 1.59 percent, to 7,061.05.
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