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US stocks gain as Chinese yuan stabilises

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NEW YORK: Wall Street stocks bounced on Tuesday (Aug 6), ending a multi-session losing streak as China moved to stabilise its currency amid the ...

NEW YORK: Wall Street stocks bounced on Tuesday , ending a multi-session losing streak as China moved to stabilise its currency amid the escalating US-China trade war.

The broad-based S&P 500 gained 37.03 points to 2,881.77, while the tech-rich Nasdaq Composite Index climbed 107.23 points to 7,833.27. Both the S&P 500 and Nasdaq fell the last six days.

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