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Dow industrials, S&P 500 on track for biggest 1-day surge in about 2 1/2 years

The Dow Jones Industrial Average and the S&P 500 index rallied to industry at session highs past due Monday afternoon, with the benchmarks on track to submit their sharpest one-day climb since Aug. 26, 2015, according to FactSet knowledge. The Dow DJIA, +2.94% used to be up about 611 points, or 2.56, at 24,147. Meanwhile, the S&P 500 index SPX, +2.81% used to be buying and selling up 62 points, or 2.4%, at 2,650, also on track for the most efficient day-to-day upward thrust since past due August of 2015. A cooling of tensions around industry between the U.S. and China has given option to a formidable rally for U.S. shares, that are coming off the worst weekly decline in additional than two years. Meanwhile, the Nasdaq Composite Index COMP, +3.32% surged 2.8% to 7,196, also hanging the technology-heavy index on pace for its highest one-session acquire in about 2 half years, on a share basis.