June 18, 2019 / 8:05 PM / 5 months ago

US STOCKS SNAPSHOT-Wall St rises on hopes for trade talks, Fed rate cuts

June 18 (Reuters) - U.S. stocks surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the U.S. Federal Reserve will cut interest rates this year.

The Dow Jones Industrial Average rose 354.74 points, or 1.36%, to 26,467.27, the S&P 500 gained 28.09 points, or 0.97%, to 2,917.76 and the Nasdaq Composite added 108.86 points, or 1.39%, to 7,953.88. (Reporting by Noel Randewich; editing by Jonathan Oatis)

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