China, Dow and stocks
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The Dow Jones Industrial Average closed up 1,160 points, or 2.8%, while the S &P 500 jumped 3.2%. The tech-heavy Nasdaq increased 4.3%. Facebook parent Meta and Amazon each climbed about 8%. Starbucks increased more than 6%.
Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.