S&P 500, Dow hit record highs on China tariff cut

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(Reuters) – The S&P 500 and Dow Jones Industrials hit record highs at the open on Thursday as China’s plan to chop additional tariffs on some American goods by 50% helped ease fears over the financial fallout of the coronavirus epidemic.

The Dow Jones Industrial Average () rose 97.73 points, or 0.33%, at the open to 29,388.58. The S&P 500 () opened higher by 10.23 points, or 0.31%, at 3,344.92. The Nasdaq Composite () gained 32.30 points, or 0.34%, to 9,540.98 at the opening bell.

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