Trump, China agree to slash tariffs for 90 days
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The S&P 500, which plummeted as much as 12% in the days following the "Liberation Day" tariff announcement, is now up over 3% since.
U.S. stocks rallied Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland.
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Investor's Business Daily on MSNDow Jones Futures Surge As U.S., China Slash Tariffs; Tesla, Palantir, Alibaba JumpFutures surged as the U.S. and China will slash tariffs more than hoped after trade talks. Tesla, Palantir, Alibaba are in focus.
U.S. Treasury yields inched lower as investors weighed the state of the U.S. economy amid a tame inflation report and the U.S.-China trade agreement.
Stocks fell to start the week as investors hoping for news of trade deals instead had to grapple with another set of tariffs.
Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades.
Dow industrials slip, Treasury yields creep higher and bitcoin rallies
U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
Producers of metals and other raw materials fell amid fears that the window for negotiations on tariffs is closing for many countries.