Index Comp: Points and Chinese Goods

index comp: Investors took fright Monday as China allowed the yuan to slump to its lowest level in a decade after President Donald Trump's threat last Thursday to impose 10% tariffs against an additional 300 billion of imported Chinese goods, effective Sept. 1, according to Market Watch. How did benchmarks perform The Dow Jones Industrial Average DJIA, -0.09% rose 311.78 points, or 1.2%, to end at 26,029.52, while the S&P 500 index SPX, 0.08% climbed 37.03 points, or 1.3%, to close at 2.881.77, powered by a rally by the information technology XLK, 0.62% and communication services XLC, 0.12% sectors, while the Nasdaq Composite Index COMP, 0.38% surged 107.23 points, or 1.4%, to finish at 7,833.27. Stocks with business in China such as Apple, Micron Technology and Nike that were big losers on Monday led the gains Tuesday. On Monday, stocks had their worst day of the year, with the Dow shedding more than 767 points. The Nasdaq Composite shed 278.03 points to finish at 7,726.04, a decline of 3.5%. What's driving the market Traders were encouraged by China's central bank moving to restrain the fall in its currency with a fix Tuesday at 6.9683 yuan. The Dow ended the day down 2.9%, at 25,717.74, while the S&P 500 declined 87.31 points, or 3%, to close at 2,844.74. (news.financializer.com). As reported in the news.