S&P 500 Jumps to Over Two-Month High after US-China Tariff Truce

WALL STREET - NEW YORK. The S&P 500 hit its highest since early March on Monday as a crucial U.S.-China agreement to slash tariffs put investors worldwide at ease after weeks of uncertainty around the future of global trade.

The Dow Jones Industrial Average rose 2.51% to an over one-month peak at 09:45 a.m. ET, while the Nasdaq Composite gained 3.34% to its highest in more than two months. The S&P 500 advanced 2.53%, surpassing its 200-day moving average for the first time since late March.