US STOCKS SNAPSHOT-Wall St extends gains after report White House could slash China tariffs

April 23 (Reuters) - U.S. stocks extended gains on Wednesday after a Wall Street Journal report said the White House was considering slashing China tariffs to de-escalate the trade war between the two countries.

A senior White House official said China tariffs were likely to come down to between roughly 50% to 65%, the Wall Street Journal reported.

At 09:46 a.m. ET, the Dow Jones Industrial Average .DJI rose 1,006.58 points, or 2.57%, to 40,193.56, the S&P 500 .SPX gained 163.57 points, or 3.12%, to 5,451.33, and the Nasdaq Composite .IXIC was up 656.05 points, or 4.02%, to 16,956.47.