US Stock Market Highlights: Dow Jones zooms 1,100 points after China and US agree to temporary tariff cuts

US Stock Market Highlights: US stocks surged on Monday (May 12) after Washington and Beijing agreed to a temporary tariff reduction following weekend talks in Switzerland, easing fears of a prolonged trade war and potential recession. The Dow Jones Industrial Average jumped 1,160 points, or 2.8%, maintaining strong momentum throughout the session.

US Stock Market Highlights:  US stocks surged on Monday (May 12) after Washington and Beijing agreed to a temporary tariff reduction following weekend talks in Switzerland, easing fears of a prolonged trade war and potential recession. The Dow Jones Industrial Average jumped 1,160 points, or 2.8%, maintaining strong momentum throughout the session. The S&P 500 climbed 3.26%, lifting its gains since the April intraday low, reached during peak tariff concerns, to over 20%. The index has now trimmed its year-to-date losses to just 0.6%. The tech-heavy Nasdaq Composite soared 4.35%, boosted by gains in China-linked stocks like Tesla and Apple. It marked the strongest day for all three major indexes since April 9.