Tech sector leads US stocks to close higher on Huawei breather

US stocks rose on Tuesday as technology stocks rallied following the US Department of Commerce decision to grant Huawei a 90-day exemption period.

This exemption allows Huawei to deal with US technology companies again without restrictions, as Google has dropped its previous decision, noting that it will abide by the exemption granted by the Department of Commerce.

Tomorrow, the Federal Reserve meeting minutes will be released to allow the market to find signs about the central bank's monetary policy course in the coming period.

The Federal Reserve has adopted a patient approach in raising interest rates, based on the continued weakness of the inflation rates and the global economy risks in addition to the trade war between Washington and Beijing.

In terms of trading in the oil market, West Texas fell 0.2% to close at $62.99 a barrel, with the highest price of the day at $63.6 and the lowest price at $62.7.

Brent rose 0.3% to $72.18 a barrel, with the session highest at $72.5 and the lowest at $71.6.

Dow Jones rose 0.7% (197 points) to 25,877 points, and hit a high of 25898 points and a low of 25779 points.

Nasdaq rose 1.1% (83 points) to 7,785 points, reaching a high of 7804 points and a low of 7753 points.

Standard & Poor's closed 0.8% higher at 2864 points, with the highest level at 2868 points and the lowest level at 2854 points.