From Yahoo Finance: 2025-05-12 17:30:00

Equity ETFs surged following the U.S. and China agreeing to a 90-day tariff rollback, potentially ending the trade war that began six weeks ago. The Vanguard S&P 500 ETF (VOO) rose 2.7%, surpassing its April 2 price. The SPDR Gold Trust (GLD) dropped 3.1%, while the iShares 20+ Year Treasury Bond ETF (TLT) fell 0.6% as investors favored growth over safety. The S&P 500 had its largest jump since April 9, gaining 9.5%. Retail ETFs also saw gains, with the SPDR S&P Retail ETF (XRT) rising 4.6% on expectations that tariffs won’t increase consumer costs for Chinese goods. Pharma ETFs were mixed as President Trump announced plans to control drug prices. India ETFs increased after India and Pakistan agreed to a truce following weeks of conflict.



Read more at Yahoo Finance: Stock ETFs Surge on China Tariffs Pact; Bonds, Gold Falter