US stocks surged on Monday, delivering one of their strongest single-day performances this year after the United States and China agreed to a temporary reduction in tariffs following high-stakes negotiations in Switzerland over the weekend.

Over the weekend in Geneva, US and Chinese officials issued a joint statement agreeing to a 90-day truce in their trade war. The US will cut tariffs on Chinese goods from 145% to 30%, while China will reduce from 125% to 10%.

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

US stocks surge today after a U.S.-China tariff truce. Dow, S&P500, and Nasdaq rally sharply with Apple, Caterpillar, and Chevron leading the rebound.

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down temporarily most of its tariffs against the other,