The Dow and S&P 500 surged following a 90-day truce in US-China trade war

From Yahoo Finance: 2025-05-11 23:58:00

Stocks rallied on Monday after China and the U.S. announced a 90-day truce in their trade war, leading to a temporary reduction in tariffs. The S&P 500 surged 3.3%, nearing its all-time high. The Dow Jones Industrial Average rose 2.8%, and the Nasdaq composite climbed 4.3%. Crude oil prices and the U.S. dollar value increased, while gold prices fell. The move could add 0.4% to the U.S. economy’s growth this year. The U.S. and China agreed to reduce tariffs, with a 90-day pause for more talks. Retailers are preparing for the back-to-school and holiday shopping seasons.



Read more at Yahoo Finance: Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war