Dow adds 1,100 points, S&P 500 up 3% after the U.S. and China slash tariffs

Stocks rocketed higher Monday after the U.S. and China announced an agreement to reduce, for now, their reciprocal tariffs, offering a sense of relief for investors who'd feared a significant economic downturn from President Donald Trump's trade policies.

May 12, 2025 - 22:33
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Dow adds 1,100 points, S&P 500 up 3% after the U.S. and China slash tariffs
Stocks rocketed higher Monday after the U.S. and China announced an agreement to reduce, for now, their reciprocal tariffs, offering a sense of relief for investors who'd feared a significant economic downturn from President Donald Trump's trade policies.