Wall Street bounces back as investors shrug off trade tensions

The Dow Jones Industrial Average rose 184.84 points, or 0.71 percent, to 26,246.96, the S&P 500 gained 15.51 points, or 0.54 percent, to 2,904.31 and the Nasdaq Composite added 60.32 points, or 0.76 percent, to 7,956.11.

Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China.

Consumer discretionary was the best performing of the 11 major S&P 500 sectors, rising 1.3 percent.

The energy sector advanced 0.7 percent as crude prices rose on signs that OPEC is not prepared to boost output to address shrinking supplies from Iran.

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