Reported about 9 hours ago
Stocks surged on Monday following a 90-day truce between the US and China in their ongoing trade war, with the Dow Jones gaining 1,160 points (2.8%) and the S&P 500 jumping 3.3%. Both countries agreed to reduce tariffs significantly, alleviating fears of a recession and boosting market confidence. This move is expected to improve economic growth and help retailers prepare for the upcoming shopping seasons, though analysts caution that the negotiations are still fragile and complexities remain.
Source: YAHOO