12/11/2018, 10:01 PM (Source: TeleTrader)
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Wall Street closes mixed in another volatile session

Markets in the United States closed mixed on Tuesday following another volatile session on Wall Street during which the Dow Jones Industrial Average swung more than 500 points. Stocks rose sharply early in trade following a report that China plans to reduce tariffs on American cars from 40% to 10%.

Moreover, US President Donald Trump tweeted, "Very productive conversations going on with China! Watch for some important announcements!" signaling progress in trade talks with Beijing.

The Dow Jones Industrial Average closed 0.22% in the red as the Travelers Companies Inc. dipped 1.65% as the worst performer. Meanwhile, the S&P 500 ended flat, while the Nasdaq 100 gained 0.32% with NXP Semiconductors jumped 3.79%.

Breaking the News / JC