Stocks Ended Higher as U.S. Eased Huawei Trade Restrictions

U.S. stocks ended solidly higher on Tuesday, as a temporary exemption to a blacklist against China’s Huawei Technologies helped ignite confidence among investors. The Dow Jones Industrial Average advanced 197.43 points, or 0.77%, to 25,877.33. The S&P 500 rose 24.13 points, or 0.85%, to 2,864.36. The Nasdaq Composite gained 83.35 points, or 1.08%, to 7,785.72.

U.S. prices settled lower Tuesday as U.S.-China trade woes weighed on energy-demand prospects. West Texas Intermediate crude for June delivery lost 11 cents, or 0.2%, to settle at $62.99 a barrel. Global benchmark July Brent added 21 cents, or 0.3%, to $72.18 a barrel.