Wall Street Soars as U.S.-China Tariff Agreement Sparks Market Rally

U.S. stock markets surge dramatically on May 13, 2025, after the United States and China reach a breakthrough agreement to temporarily slash tariffs, easing trade tensions that have loomed over global markets for more than two years. In the wake of the announcement, the Dow Jones Industrial Average surges more than 1,000 points at times, while the S&P 500 gains 2.9%, and the Nasdaq Composite posts an impressive 4% rise.

The surge is driven by news that the U.S. and China have mutually agreed. . .