<ul><li>U.S. stocks surged on Monday after the U.S. and China agreed to temporarily reduce tariffs, easing concerns of a recession due to trade war.</li><li>The Dow Jones rose by 2.8%, the S&P 500 by 3.3%, and the NASDAQ Composite by 4.4%, with tech stocks like Tesla and Apple seeing significant gains.</li><li>Defensive stocks declined, while companies heavily reliant on Chinese goods, like Best Buy and Amazon, surged.</li><li>Treasury Secretary mentioned 'very productive' talks with China, resulting in a 90-day tariff reduction agreement with plans for further discussions in the future.</li></ul>

Dow, S&P Chug Higher, Perking over Tariff News

Discover more