From Yahoo Finance: 2025-05-12 23:12:00

The stock market surged after the US and China agreed to a tariff truce. Nasdaq led the gains with a 4.85% increase, followed by S&P 500 with 3.26% and Dow Jones with 2.81%. US and China agreed to lower tariffs on each other’s imports over the weekend.

Newell Brands Inc. saw a 15.13% increase in share prices after announcing plans to raise $1 billion through a private offer. The funds will be used to redeem outstanding senior notes and related expenses. The company also declared a quarterly cash dividend of 7 cents per share.

Newell Brands is a global consumer goods company owning popular brands like Rubbermaid, Sharpie, and Graco. The company ranks 8th on the list of stocks that soared by double digits. However, investing in AI stocks may offer greater returns in a shorter timeframe. Check out our report on the cheapest AI stock for more information.

Read more: Why Newell Brands Inc. (NWL) Soared Today