Dow up 170 points as U.S. blue chips ride intraday surge

The Dow Jones Industrial Average popped decidedly higher Wednesday midday following a report from the Wall Street Journal indicating that the U.S. is for a new round of trade discussions. The Dow was up 167 points, or 0.7%, at 26,139, retaking a level at 26,000, which is closely watched, and was trading at the highest level of the day. The S&P 500 index climbed 0.2% at 2,895, while the Nasdaq Composite Index held lower, down 0.3%, at 7,952, but was off its worst levels of the session. The move is an effort to give Beijing another opportunity to address Washington‘s trade concerns before the Trump administration puts more tariffs on Chinese imports, people briefed on the matter .

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