What Happened in the Stock Market Today
Major benchmarks climbed on Tuesday after China's central bank allowed the Chinese yuan to strengthen slightly against the U.S. dollar -- a day after the Middle Kingdom roiled markets by letting the currency fall to its lowest level against the dollar in more than a decade. Still, the shift did little to ease broader concerns of an escalating trade war between the two countries, and stocks only partially recouped Monday's steep losses.
Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained a little over 1%.
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