Specialist Thomas McArdle, left, and trader Jeffrey Vazquez work on the floor of the New York Stock Exchange, Monday, Dec. 3, 2018. (AP/Richard Drew)
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A temporary cease-fire in the U.S.-China trade war boosted global stocks to their highest in about three weeks Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher.The Dow Jones Industrial Average rose 225.51 points, or 0.88 percent, to 25,763.97, the S&P 500 gained 19.73 points, or 0.71 percent, to 2,779.9 and the Nasdaq Composite added 87.31 points, or 1.19 percent, to 7,417.85 .The White House also said that the existing 10 percent tariffs on $200 billion worth of Chinese goods would be increased to 25 percent if no deal was reached within 90 days.In currency markets, the U.S. dollar fell broadly as currencies battered by trade tensions staged a comeback.
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