The stock market’s rally was losing steam as Wall Street embraced a risk-on approach.
The Dow was up just 700 points, or 1.8%, after surging more than 1,100 points earlier in the session. The S&P 500 was up 2.2%. The Nasdaq was up 3.3%.
A stock market surge early in the morning accelerated after The Wall Street Journal reported the Trump administration was considering slashing tariffs on Chinese imports.
