Mumbai, June 30 -- The Dow jumped 432.43 points or 1.0% at 43,819.27, the Nasdaq climbed 105.55 points or 0.5% to 20,273.46 and the S&P 500 rose 32.05 points or 0.5% to 6,173.07.

Optimism over a new U.S.-China trade agreement sparked an early rally on Wall Street, with both sides confirming details of a framework to implement the Geneva deal. The U.S. pledged to lift restrictive measures, while China agreed to review export-controlled items. Commerce Secretary Lutnick added that trade deals with ten more nations are expected soon. However, markets fell sharply after President Trump announced an end to talks with Canada over its digital tax, warning of upcoming tariffs.

The Commerce Department released a closely watched report that inclu...