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US stocks opened higher on Tuesday after the European Union said it agreed to accelerate trade negotiations with the US, indicating a more amicable turn in talks.
The 30-stock Dow Jones Industrial Average gained 1%, or 400 points, to trade above 42,000, while the tech-heavy Nasdaq Composite gained 1.6% to regain 19,000.
The S&P 500 advanced 1.1% to 5,866.
Wall Street was closed on Monday on the occasion of ‘Memorial Day’.
(This is a developing story)
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