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,

The S&P 500, which plummeted as much as 12% in the days following the "Liberation Day" tariff announcement, is now up over 3% since.

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.

U.S. stocks rallied Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland.

U.S. Treasury yields inched lower as investors weighed the state of the U.S. economy amid a tame inflation report and the U.S.-China trade agreement.

Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades.

The Dow Jones Industrial Average slipped on Friday (May 9) as investors looked ahead to key trade talks between U.S. and Chinese officials scheduled for the weekend. The Dow shed 119.07 points, or 0.29%,

Dow industrials slip, Treasury yields creep higher and bitcoin rallies

Live Updates Live Coverage Has Ended Wall Street Warning 2:35 pm by Goldman Sachs believes that the toll from the tariff war will be greater than the markets are letting on despite the trade agreement between the Trump administration and China.