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Mon Apr 16, 2018, 11:20 AM

Dow rises more than 200 points after Syria fears ease, Merck gains

Source: CNBC

U.S. stocks rose on Monday as fears of an escalating conflict in Syria eased for the moment.

The Dow Jones industrial average gained 218 points, with Merck rising more than 2 percent. The S&P 500 climbed 0.7 percent, with industrials and telecommunications rising 1 percent each. The Nasdaq composite advanced 0.6 percent.

Last week, the U.S. military conducted precision missile strikes against the Syrian government as a response to a chemical attack carried out in the country. The attack was conducted in conjunction with France and the U.K.

The Pentagon described the U.S.-led strikes as a "justified, legitimate and proportionate response" to the Syrian regime's continued use of chemical weapons.



Read more: https://www.cnbc.com/2018/04/16/us-stock-futures-dow-data-earnings-tech-and-politics-on-the-agenda.html

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