From Dow Jones & Company: 2025-05-12 09:32:00

Wall Street rallied as U.S.-China trade talks led to a 90-day pause on tariffs. Dow Jones surged 2.5%, S&P 500 rose 2.9%, Nasdaq climbed 4%. Dow on track to exit correction territory, S&P trading above 200-day moving average.

Treasury Secretary Bessent stated U.S. and China aim to avoid decoupling, with shared interest in balanced trade.

Read more: Dow Soars 1,000 Points at the Open