Xinhua/Wang Ying) (Photo by Xinhua/Sipa USA)

Stocks Surge As China Trade Tensions Ease; Dow Closes Up 670 Points

March 26, 2018 - 4:12 pm

NEW YORK (1010 WINS/AP) -- What a day on Wall Street.

The Dow Jones Industrial Average closed up 669 points Monday, giving the Dow its best gain since August 2015 and erasing nearly half the ground lost last week.

The Nasdaq was also a big gainer at 3 percent.

The surge comes after The Financial Times reported China has offered to buy more semiconductors from the U.S. to help cut its trade surplus with the United States.