Stocks closed broadly higher on Wall Street Tuesday after the U.S. government temporarily postponed proposed restrictions on technology sales to Chinese companies.
The news boosted chipmakers and other technology sector stocks, which took steep losses a day earlier when the Trump administration announced the restrictions. Health care, financial and industrial stocks helped power the rally, which snapped the market’s two-day losing streak.
The S&P 500 index rose 24.13 points, or 0.9%, to 2,864.36.
The Dow Jones Industrial Average gained 197.43 points, or 0.8%, to 25,877.33.