Markets Right Now: Dow gains 512 points on back of Fed

Dow Jones industrials gain 512 points after Fed signals it could cut interest rates if US trade conflicts slow economy

NEW YORK -- The latest on developments in financial markets (all times local):

4:00 p.m.

Hopes for a cut in interest rates and for a resolution in the U.S.-Mexico trade dispute are propelling stocks to a higher close Tuesday.

The Dow Jones Industrial Average jumped over 500 points, while a rebound in technology shares helped the Nasdaq recover steep losses from Monday.

Apple gained 3.7% and Microsoft rose 2.8%. Nvidia added 6.9% as chipmakers posted some of the strongest gains.

The Dow rose 512 points, or 2.1%, to 25,332.

The S&P 500 index added 58 points, or 2.1%, to 2,803 and the Nasdaq gained 194 points, or 2.7%, to 7,527.

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12:00 p.m.

Hopes for a cut in interest rates and for a resolution in the U.S.-Mexico trade dispute are propelling stocks higher at midday Tuesday.

The Dow Jones Industrial Average jumped nearly 400 points, while a rebound in technology shares helped the Nasdaq recover steep losses from Monday.

Apple gained 2.9% and Microsoft rose 2.1%. Nvidia added 5.2% as chipmakers posted some of the strongest gains.

The Dow rose 386 points, or 1.6%, to 25,205.

The S&P 500 index added 40 points, or 1.5%, to 2,785 and the Nasdaq gained 133 points, or 1.8%, to 7,466.

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9:35 a.m.

Stocks are rising Tuesday as technology companies recover from steep losses a day before.

Investors continue to watch developments on the trade front. Mexico's foreign minister said he expects the two sides to reach an agreement and avoid a 5% tariff on Mexican goods.

Apple rose 1% while Advanced Micro Devices gained 1.7%. Bank stocks gained as the yield on the 10 year Treasury rose to 2.13% from 2.08%. Wells Fargo gained 1.6%.

Tiffany shares rose 3.4% after the jewelry company topped estimates with its fiscal first quarter profit.

The Dow Jones industrials rose 228 points, or 0.9%, to 25,047.

The S&P 500 index added 23 points, or 0.9%, to 2,768 and the Nasdaq gained 69 points, or 0.9%, to 7,402.