Wall Street rises but pares gains after news of partial U.S.-China deal

Business

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 9, 2019. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks ended more than 1% higher on Friday, but below their session highs, after the announcement of a partial trade deal between the United States and China.

The Dow Jones Industrial Average .DJI rose 317.65 points, or 1.2%, to 26,814.32, the S&P 500 .SPX gained 31.88 points, or 1.09%, to 2,970.01 and the Nasdaq Composite .IXIC added 106.27 points, or 1.34%, to 8,057.04.

Reporting by Caroline Valetkevitch; Editing by Sandra Maler

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