Dow Up More than 300 Points After Trump and Xi Meeting Announced

Stocks surged on Tuesday after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit, boosting hope for a U.S.-China trade deal.

The Dow Jones Industrial Average jumped 400 points as Apple and Boeing outperformed. The S&P 500 climbed 1.4% while the Nasdaq Composite advanced 2%. The S&P 500 also traded within 1% its all-time intraday high of 2,954.13, which was reached May 1.

Trump said in a tweet he “had a very good telephone conversation ” with Xi. He added: “We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting.” The summit will start on June 28.

Read the full article at CNBC.

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