1604 ET - Stocks rise broadly on expectations that the next round of U.S. tariffs won't be as wide as previously feared. Consumer discretionary shares lead the advance, led by Tesla's 12% climb, while the utilities are the only S&P 500 sector to end lower. WSJ reports that the Trump administration narrowed its focus to about 15% of nations running persistent trade imbalances with the U.S. and the sectoral tariffs are now unlikely to be announced on April 2. DJIA gains 1.4% to 42583, the S&P 500 rises 1.8% to 5767 and the Nasdaq climbs 2.3% to 18188. (patrick.sullivan@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 16:04 ET (20:04 GMT)
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