Wall Street Closes Higher As China Tariff Fears Ease

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Wall Street's three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading.

 

After investors fled equities in the morning due to proposed retaliatory tariffs from China, their concerns about a potential trade war eased by the afternoon after Trump's top economic adviser Larry Kudlow said the administration was in a "negotiation" with China rather than a trade war.

 

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