Stocks Ended Higher, Recovering Some Losses

U.S. stocks closed higher on Tuesday, as the three major indices clawed back some losses from earlier this week. The Dow Jones Industrial Average advanced 207.06 points, or 0.82%, to 25,532.05. The S&P 500 was up 22.54 points, or 0.80%, to 2,834.41. The Nasdaq Composite gained 87.47 points, or 1.14%, to 7,734.49.

Oil futures posted a gain on Tuesday amid reports of attacks on major Saudi facilities, which helped to raise supply concerns and prompted U.S. prices to settle higher for the first time in four sessions. West Texas Intermediate crude for June delivery rose 74 cents, or 1.2%, to finish at $61.78 a barrel. July Brent crude added $1.01, or 1.4%, to settle at $71.24 a barrel.

China and the U.S. are set to continue trade talks even amid an escalation of tariffs between the two sides. President Donald Trump said on Monday that he plans to meet with China’s Xi Jinping at the G20 summit in late June, adding in remarks at the White House that he thought it was going to be “probably a very fruitful meeting,” Reuters reported.

Tilray Inc., the Canadian weed maker, reported first-quarter net losses of $30.3 million, or 32 cents a share, widening from $5.2 million, or 7 cents a share, in the year-ago period. Tilray’s revenue rose to $23 million from $7.8 million in the year-ago period.

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