US Stock Market Rises Sharply as Trade War Pauses

» Published: May 12 2025 at 15:39

US Stock Market Rises Sharply as Trade War Pauses
Photo: Richard Drew/AP/TT

The US stock exchange begins the week with a sharp rise following the agreement on a pause in the trade war between the US and China.

In early trading, the broad S&P 500 index is up 2.7 percent, the Dow Jones industrial index is rising 2.4 percent, and the technology-heavy Nasdaq composite is surging 3.7 percent.

The US Finance Minister Scott Bessent announced earlier on Monday that the talks with China had been "very productive" and that the countries had agreed to reduce their respective punitive tariffs by 115 percentage points over a 90-day period.

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By TTTranslated and adapted by Sweden Herald
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