Stocks Ended Higher despite U.S. China Tade Escalation

U.S. stocks ended higher on Tuesday, shaking off the intensifying U.S.-China trade battle. The Dow Jones Industrial Average rose 184.84 points, or 0.71%, to 26,246.96. The S&P 500 gained 15.51 points, or 0.54%, to 2,904.31. The Nasdaq Composite added 60.32 points, or 0.76%, to 7,956.11.

Oil futures settled more than 1% higher Tuesday, as risks to global crude supplies escalated ahead of data that are expected to reveal a fifth-straight weekly decline in U.S. inventories. West Texas Intermediate crude futures for October delivery rose 94 cents, or 1.4%, to settle at $69.85 a barrel. November Brent climbed 98 cents, or 1.3%, to $79.03 a barrel.

General Mills (GIS) came out with quarterly earnings of $0.71 per share. This compares to earnings of $0.71 per share a year ago. It posted revenues of $4.09 billion for the quarter ended August 2018, compared with revenues of $3.77 billion a year ago.