From Nasdaq: 2025-05-12 16:29:00

The temporary trade deal between the U.S. and China led to a surge in stocks, with the Dow jumping 1,160 points and the S&P 500 and Nasdaq reaching their highest levels in over two months. Investors welcomed the tariff truce, resulting in the lowest close for the Cboe Volatility Index since Feb. 21. Safe-haven gold prices cooled off today, while crude futures rose, potentially prompting increased shale production. June-dated West Texas Intermediate (WTI) oil climbed 1.5% to $61.95, while gold prices fell 3.5% to around $3,328.

In response to the U.S.-China trade deal, Bitcoin fell, while the House budget bill aims to increase strategic petroleum reserves. CAVA stock is poised for a potential breakout, and China stocks like JD and BABA were among the winners today. Best Buy stock also saw gains as tariff rollback news sparked a rally. The market rally today was supported by the positive news of the trade deal and the potential benefits it could bring to various sectors.



Read more at Nasdaq: Trade Tailwinds Guide Stocks to Best Day Since April 9