Nasdaq, S&P shoot up 1% after China raises tariffs on US goods

Wall Street's main indexes were mixed at the open on Wednesday after China announced more levies on U.S. goods, retaliating to President Donald Trump's reciprocal tariffs that took effect earlier in the day.

The Dow Jones rose 103.55 points or 0.28% to 37,749.14, the S&P 500 gained 55.60 points or 1.12% to 5,038.38, and the Nasdaq advanced 274.00 points or 1.79% to 15,541.92.