Dow soars 1,160 points
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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.
U.S. benchmark oil prices settled Tuesday at their highest in three weeks, as trade-war optimism helped “alleviate consumer-demand concerns and recession worries,” said Tyler Richey, co-editor at Sevens Report Research.
Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.
U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
President Donald Trump suggested many trade deals are near, while also endorsing cutting the tariff rate on China before weekend talks.
Trump Strikes Tariff Deal With China, Says Rates Will Rise 'Substantially Higher' After 90 Day Pause
President Trump struck a tariff deal with China that pauses most retaliatory tariffs between the two countries for 90 days. During a press conference on Monday, the president said tariffs on China would go up 'substantially higher' after the 90 day pause.
All three major indexes fell last week, with the Dow snapping a two-week winning ... looked for concrete outcomes from recent US-China trade negotiations, which both sides described as showing ...