NEW YORK, May 14 (Xinhua) -- U.S. stocks closed higher on Tuesday, rebounding from a steep sell-off in the previous session as investors continued to monitor the latest development of global trade.
The Dow Jones Industrial Average was up 207.06 points, or 0.82 percent, to 25,532.05. The S&P 500 was up 22.54 points, or 0.80 percent, to 2,834.41. The Nasdaq Composite Index increased 87.47 points, or 1.14 percent, to 7,734.49.
Major U.S. indexes tumbled on Monday after China announced that it would raise the rate of additional tariffs imposed on some of the imported U.S. products starting June 1.
The decision came after the U.S. move to increase additional tariffs on 200 billion U.S. dollars worth of Chinese goods from 10 percent to 25 percent as of May 10.
On the economic front, U.S. import prices advanced 0.2 percent in April, the Labor Department said Tuesday.
The April advance was driven by higher fuel prices, which more than offset decreasing prices for non-fuel imports, said the department.
Prices for U.S. exports rose 0.2 percent in April after a 0.6-percent rise in March, the department said.