The Dow Jones Industrial Average surged by 1,160 points, or 2.8%, after the US and China reached a momentous agreement to pause reciprocal tariffs for 90 days. The S&P 500 and Nasdaq also posted substantial gains, marking one of the most significant rally days in recent history.

Tech Stocks Lead the Charge

• Amazon: +5.1%
• Alphabet Class A: +4.7%
• Apple: +4.3%

Investor confidence rose sharply as tech stocks benefitted from decreased input-cost concerns amid trade de-escalation, while Apple hinted at possible pricing adjustments absent new tariffs.