Summary
NEW YORK - Stocks vaulted higher for a second straight session Tuesday as investors welcomed the Treasury Department's move to put pressure on the Chinese currency system and, perhaps, eventually reduce the U.S. trade deficit.
Investors reacted decisively after the Bush administration declared Tuesday afternoon that China may be using its monetary policies to unfairly affect trade. The Dow jumped 70 points higher in just 23 minutes, finishing with a two-day gain of 191, and the Nasdaq composite index climbed past the 2,000 mark for the first time in more than a month.See the full content of this document
Extract
Stocks Surge for Second Straight Day
The Nasdaq gained...
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