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Wall Street surges as US and China ease off on tariffs

Purton L by Purton L
12 May 2025
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Wall Street stocks finished solidly higher on Monday, cheering an announcement that the United States and China sharply de-escalated a trade war that has rattled global markets.

The Dow Jones Industrial Average jumped 2.8 percent to close at 42,410.10.

The broad-based S&P 500 rallied 3.3 percent to 5,844.19, while the tech-rich Nasdaq Composite Index rocketed 4.4 percent to 18,708.34. (AFP)

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Purton L

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