"Stock Market Soars: Dow, S&P 500, Nasdaq Futures Jump as US-China Deal Sparks Investor Rally"

 U.S. stock futures surged Monday after Washington and Beijing agreed to temporarily ease tariffs, offering relief to markets rattled by trade war fears.

S&P 500 futures (ES=F) jumped 3%, Dow Jones Industrial Average futures (YM=F) climbed 2.4% — about 1,000 points — and Nasdaq 100 futures (NQ=F) led the rally with a 3.9% surge.

Wall Street is poised for strong gains after the U.S. and China agreed to suspend tariffs for 90 days, surprising investors with the scale of reductions. The U.S. will cut duties on most Chinese imports from 145% to 30%, while China will lower its tariffs on U.S. goods from 125% to 10%.

Tech stocks rebounded sharply. Nvidia (NVDA) rose 5%, while Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) also posted solid gains.

However, pharmaceutical stocks dropped after President Trump announced plans to slash U.S. drug prices by up to 80%. Shares of Novo Nordisk (NVO, NOVO-B.CO) and Eli Lilly (LLY) declined.

Elsewhere, the dollar (DX=F) and U.S. Treasury yields (^TNX) edged higher. Oil prices (CL=F, BZ=F) also climbed, leading a broad rally in commodities.

Investors are eyeing key economic data this week for signs of inflationary pressures from tariffs. April’s Consumer Price Index (CPI) report is due Tuesday, with retail sales and the Producer Price Index (PPI) to follow on Thursday.

Notable earnings ahead include Fox (FOXA) on Monday, and later in the week, Sony (SONY), Alibaba (BABA), and Walmart (WMT).