Reported about 6 hours ago
US stock futures soared following a deal between the US and China to reduce tariffs for 90 days during ongoing trade talks. The S&P 500 futures surged by 2.8%, while Dow futures climbed over 900 points. This agreement lowers US tariffs on Chinese goods to 30% from 145%, and China's retaliatory tariffs to 10% from 125%. Despite the positive market reaction, concerns about inflation remain as traders anticipate upcoming inflation data.
Source: YAHOO