U.S. stocks roared back on Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland, raising hopes a trade war won’t push the economy into a recession.
The Dow Jones Industrial Average
surged 1037 points, or 2.5%, staying near its highs for most of the session with buying enthusiasm remaining strong. The S&P 500
popped nearly 3% on Monday, bringing its gain since its April intraday low at the height of tariff pessimism to more than 20%. The benchmark has cut its year-to-date losses to just 0.9%.
The Nasdaq Composite
boomed by 4%, as the initial China agreement sent technology stocks tied to the country — like Tesla and Apple — flying higher.
https://www.cnbc.com/2025/05/11/stock-market-today-live-updates.html