Stocks open sharply higher on trade-talk optimism

Stocks opened sharply higher Wednesday, lifted by continued optimism over renewed U.S.-China trade talks. The Dow Jones Industrial Average DJIA, +0.92% jumped 279 points, or 1.2%, to 24,649, while the S&P 500 SPX, +0.97% rose 1.1% to 2,665. The Nasdaq Composite COMP, +1.25% advanced 1.3% to 7,121. President Donald Trump, in an interview with Reuters, said he was willing to intervene in the Justice Department’s case against an executive of Chinese company Huawei if it would help clear the way to a trade deal with Beijing. Also, The Wall Street Journal reported that China is preparing policy changed designed to increase access to its markets for foreign companies.

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