From Zacks Investment Research: 2025-05-13 10:26:00

U.S. stocks surged on Monday after the U.S. and China agreed to reduce tariffs for 90 days, calming fears of a trade war. The Dow soared 2.8%, the S&P 500 rose 3.3%, and the Nasdaq jumped 4.4%. Tech, consumer discretionary, and industrial stocks led the gains. The VIX dropped 16.03% to 18.39. Investors turned to riskier assets as China and the U.S. cut tariffs. Tesla, Apple, and NVIDIA stocks surged. The markets hope for more trade deals and expect the Fed to cut rates in September. Tuesday’s CPI data will provide more insight.



Read more at Zacks Investment Research: Stock Market News for May 13, 2025 – May 13, 2025