Market Surge Amid Easing Trade Tensions
US stocks experienced a remarkable surge on Monday, fueled by a US-China trade deal that temporarily reduced tariffs. The S&P 500 rose by 3%, while the Dow Jones increased by 2.5%, marking a significant gain of 1,000 points.
The Nasdaq Composite led the rally with a 3.8% rise, as major tech stocks like Amazon, Apple, and Tesla flourished. The easing of trade tensions not only boosted tech shares but also led to a rally in oil prices.
Gold prices plummeted almost $100 per ounce as investors shifted their focus to equities. Additionally, European markets mirrored this bullish sentiment, with the DAX reaching a record high.
Overall, the positive trade outlook has invigorated various sectors, especially technology and commodities, paving the way for anticipated earnings reports and economic data this week.
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