Stocks soar after US, China strike trade truce
May 12, 2025 9:30 AM
Stocks soared Monday morning after the Trump administration and China announced they would temporarily slash steep tariffs on each other’s goods. The Dow Jones Industrial Average rose more than 1,000 points after the opening bell Monday, rising 2.6 percent. The S&P 500 index was up 3 percent and the Nasdaq composite was up 4.1 percent....