Dow soars 1,160 points
Digest more
Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
Over the weekend in Geneva, US and Chinese officials issued a joint statement agreeing to a 90-day truce in their trade war. The US will cut tariffs on Chinese goods from 145% to 30%, while China will reduce from 125% to 10%.
Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades
Wall Street's three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war,