From Barron’s: 2025-05-12 06:57:00

Stocks surged on Monday as the U.S. and China agreed to reduce tariffs on each other’s goods. Dow Jones futures rose 2.3%, S&P 500 futures jumped 3%, and Nasdaq 100 contracts surged 3.9%.

Last Friday, the main indexes were stagnant as investors awaited news on trade talks. The tariff cuts announced on Monday are seen as a positive step in easing tensions between the U.S. and China, the world’s top economies.

Read more: Stock Futures Soar After U.S. and China Broker Deal to Slash Tariffs