The Dow Jones Industrial Average was up 776 points, or 1.8%, at 43,294. The S&P 500 was up roughly 111 points, or 1.9%, at 5,954. The Nasdaq Composite was up about 469 points, or 2.5%, near 19,514.

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“The pressure on the incoming industrial strategy will now be even greater to set investor confidence on a path to growth,” warned Make UK, the manufacturers’ lobby. High expectations for ...