US: Wall Street opens higher as tech stocks gain

[NEW YORK] Wall Street opened higher on Tuesday, led by technology stocks, after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising US-China trade tensions.

The Dow Jones Industrial Average rose 397.78 points, or 1.66 per cent, to 24,376.88, the S&P 500 gained 36.04 points, or 1.38 per cent, to 2,649.2 and the Nasdaq Composite added 110.70 points, or 1.59 per cent, to 7,061.05.

REUTERS