New Delhi, May 12 -- Wall Street kicked off the week with a powerful surge on Monday, as major US stock indexes soared after the United States and China struck a long-awaited deal to reduce tariffs.
The agreement, which aims to ease tensions in the ongoing trade war between the two largest economies, lifted investor confidence and sparked a global market rally.
The Dow Jones Industrial Average jumped 1,037.13 points, or 2.51 per cent, at 42,286.51.
The broader S&P 500 climbed 150.24 points, or 2.65 per cent, to trade at 5,810.15, while the tech-heavy Nasdaq surged 621.90 points, or 3.47 per cent, at 18,550.82.
The rally was fuelled by news that Washington and Beijing have agreed to roll back most of the tariffs that had weighed heavily ...