Major indexes on Wall Street soared on Monday, with the S&P 500 reaching its highest point since early March. Investors celebrated a promising 90-day tariff reduction deal between the U.S. and China.

Market Highlights

• S&P 500 rose by over 1.2%, achieving its best close in two months.

• Dow Jones Industrial Average increased by 0.9%, supported by cyclical stocks.

• Nasdaq Composite climbed by 1.5%, driven by a resurgence in technology shares.

Details of the Tariff Agreement

In a joint statement, Washington agreed to lower tariffs on Chinese imports from 145% to 30%. In return, China cut duties on U.S. goods from 125% to 10%. This agreement eases severe levies, delivering relief to global supply chains.

Market Sentiment

Market analysts described the rally as a relief bounce following a period of uncertainty:

The reductions make tariffs more manageable, which is a win for everyone, said John Praveen from Paleo Leon.

However, some experts warned of potential challenges that may arise once the 90-day period concludes:

Initial progress is good, but we need to navigate the future implications carefully, advised Chris Brigati from SWBC.

Upcoming Considerations

• Further Trade Discussions: Ongoing meetings will refine details.

• Economic Indicators: Tuesday’s CPI report will assess if easing trade tensions lead to softer inflation.

• Corporate Earnings: Key earnings reports this week will highlight how businesses adapt to low tariffs.

Investors keen to see today’s top movers can utilize the Market Biggest Gainers API on entreprenerdly.com to find real-time data on leading stocks across the S&P 500, Dow Jones, and Nasdaq.