Page 25 - ARUBA TODAY

BUSINESS Tuesday 27 March 2018
A25

Trader Michael Milano, right, works on the floor of the New York Stock Exchange, Monday, March
26, 2018. News that the U.S. and China are open to negotiating to avert a trade war put investors
in a buying mood Monday.
(AP Photo/Richard Drew)
US stocks rally:

Dow surges 669, clawing back lost ground

By ALEX VEIGA surprising to see them buy best one-day gains since
AP Business Writer on value here, buy on dips August 2015, making up
News that the U.S. and to try to rebuild their posi- slightly more than half of
China are open to negoti- tions." the market's losses on Thurs-
ating to avert a trade war The Standard & Poor's 500 day and Friday.
put investors in a buying index rose 70.29 points, or Global stock markets fell
mood Monday, giving the 2.7 percent, to 2,658.55. The sharply last week amid
market its best day in more Dow Jones industrial aver- fears of a trade war after
than two years and erasing age gained 669.40 points, President Donald Trump
about half of its huge losses or 2.8 percent, to 24,202.60. announced duties on $60
last week. The Dow lost more than billion worth of Chinese
Technology companies 1,400 points last week and goods in a dispute over
accounted for much of is still down slightly for the technology policy. On Fri-
the broad rally, which pow- year. day, Beijing released a $3
ered the Dow Jones indus- The Nasdaq added 227.88 billion list of U.S. goods tar-
trial average to a gain of points, or 3.3 percent, to geted for possible retalia-
nearly 670 points. Microsoft 7,220.54. The Russell 2000 tion over an earlier U.S. tariff
was the biggest gainer in index of smaller-company hike on steel and aluminum
the 30-company Dow and stocks picked up 33.63 imports. That prompted
the Standard & Poor's 500 points, or 2.2 percent, to fears the spat might de-
index, climbing nearly 8 1,543.72. press trade worldwide and
percent. All told, the Dow, S&P 500 set back the global eco-
Banks also notched solid and Nasdaq posted their nomic recovery.q
gains, benefiting from a
pickup in bond yields. Re-
tailers, consumer goods
companies and health
care stocks were among
the big gainers.
The market rebound fol-
lowed the worst week for
U.S. stocks in two years as
investors traded last week's
jitters for a more optimistic
outlook on trade, and an
opportunity to buy.
"Certainly nothing's set-
tled," said Rob Haworth,
senior investment strategist
at U.S. Bank Wealth Man-
agement. "Investors are still
viewing this as a glass half-
full market and a construc-
tive economy, so it's not