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Wall Street stocks surged last night amid bargain-hunting and hopes that the United States and China could negotiate new terms of trade and avoid a trade war.
But yesterday, USA stock indices regained about half their recent losses, with both the Dow industrials and the S&P 500 surging about 2.75 percent.
All eleven major sectors of the S&P 500 were in positive territory, led by technology and finance indexes, up 3.2 percent and 2.8 percent, respectively.
US Treasury Secretary Steven Mnuchin called China's Liu He to congratulate Liu on his appointment this month as vice premier in charge of economic policy, said the person.
USA stocks tumbled on both on Thursday and on Friday last week after President Donald Trump unveiled tariffs on up to $60bn of Chinese imports and vowed to counter China's alleged "theft" of American intellectual property.
"There are some tentative signs that fears of an escalation of trade tensions are beginning to ease", Craig Erlam, a market analyst at OANDA wrote in a note to clients.
The tech sector was on pace for its biggest daily percentage gain since January 2016 and financials were poised for their best day since March 2017.
"A rebound in global equities overnight is offering the market some optimism of stabilization after last week's rout".
Technology shares were strong, with Apple advancing 4.8%, Intel 6.3%, Netflix and Adobe Systems both 6.5%. They, along with other industrial stocks, have taken a beating in the wake of Mr. Trump's tariffs plans due to their exposure to China.
Stocks recovered after indexes lost more than 6 percent last week - their worst weekly decline in two years - in the wake of tariffs imposed by the US and China against each other.
Japan's Nikkei, meanwhile, erased earlier losses of 1.3 per cent to end 0.7 per cent higher. As NPR's John Ydstie reports, the two countries have begun talks aimed at avoiding tit-for-tat sanctions that could damage both sides.
China then responded to news of the planned tariffs by saying it did not want a trade war, but it was "absolutely not afraid" of one.
Brent crude futures were up 9 cents at $70.54 a barrel.
U.S. President Donald Trump last week signed a memorandum that could impose tariffs on up to $60 billion of imports from China. "The trade tensions imperil growth", said Michael McCarthy of CMC Markets in a report.
A shallow grave was discovered in Northern California during the search for a missing actress, authorities announced Tuesday. Shabani, 25, was last seen on security camera around 1:15 p.m. on February 23 near her Hollywood home, police said .
The next-generation iPhone X will cost less to manufacture than Apple's current flagship smartphone, which now costs 00. The new range is expected to be much cheaper than the £1000 handset, while still offering similar premium components.
Paying tribute to his "ma", the 48-year-old rapper said: " She raised four kids and she did the best job with me". It honored Beyoncé and her mother-in-law, Gloria Carter , for their humanitarian work.
For those anxious about any gift cards they have for Toys-R-Us, the company will honor them a remaining 30 days or so. The company filed for Chapter 11 bankruptcy and agreed to a restructuring plan to reduce its debt by $1.9 billion.
It's possible that Marvel TV will shop the project elsewhere, though right now it isn't clear if it will happen. In addition to " Atlanta ", he co-stars in the upcoming " Solo: A Star Wars Story " film, which opens in May.
What was the need to lie to us? The entire world and the neighbouring countries had confirmed that they were not alive. Swaraj said, "The plane carrying mortal remains will first go to Amritsar, then to Patna and then to Kolkata ".
A similar narrative for the Walker; also expected to be a one-and-done type that is so common in present day college basketball. He allowed the clock to tick down to six seconds before crossing over, scooting under two defenders and scooping up his shot.
His mother, brother and other relatives were (in Russia )". "His classmates felt he had betrayed the motherland", he said. Alexander Yakovenko also wrote to DS Bailey, who has said his experience was "completely surreal".
Amtrak operated a reduced schedule on many lines, including its busy Northeast Corridor line between Washington, D.C., and Boston. More than 400 flights have been canceled Thursday in and out of Newark Liberty International and New York's LaGuardia and John F.
The NIA has named 10 other Kashmiri separatists including Hurriyat leader Syed Shah Geelani's son-in-law Altaf Ahmed Shah. He extended his fullest cooperation and honest wishes to the would-be leadership of the organization.
A pro football league launched and nobody noticed
Working with Ebersol is Bill Polian , formerly National Football League general manager and now an analyst for ESPN . As a single entity, the Alliance will own all contracts and players will be dispersed in a variety of manners.
Governor decries temporary block on abortion law
MS already bans abortion at 20 weeks and has long had some of the most restrictive anti-abortion laws in the country. But Mississippi is pushing the envelope by banning abortion starting at 15 weeks.
Thousands of Kidde smoke alarms recalled
However, for the time being, the company advises reinstalling the recalled smoke alarm until the replacement alarm is received. Consumers should remove the alarm, visually inspect the alarm through the opening on its side to see if there's a yellow cap.
Boko Haram militants return abducted Nigeria schoolgirls
Members of the #BringBackOurGirls (#BBOG) have sworn to interrogate the circumstances of the Dapchi school girls release. It was the biggest mass abduction since the militant group took away more than 250 girls from Chibok town in 2014.
Indian Wells: Sunday's Order of Play and Match Points
The unseeded Haitian-Japanese player became the youngest Indian Wells champion since Ana Ivanovic was victorious a decade ago. She also broke Kasatkina to go up 4-1 with another precision forehand victor down the line and never looked back.