BREAKING: Wall Street Explodes as U.S.-China Strike Historic Trade Deal!

Dow Jones Rockets 1,000 Points, S&P 500 and Nasdaq Soar!

Holy smokes, folks! The Dow Jones just blasted off by over 1,000 points, while the S&P 500 and Nasdaq are riding high right from the opening bell. This mega surge comes hot on the heels of the jaw-dropping news that the United States and China have finally inked a trade deal that's sending shockwaves through the markets!

Global stocks have been on a wild rollercoaster ride with all this tariffs drama, but now, with the latest positive vibes, investors are jumping back in with both feet!

The Dow kicked off the day with a bang, skyrocketing over 1,000 points as traders went wild over the U.S.-China agreement. It's like someone hit the turbo boost on Wall Street!

The S&P 500 surged a whopping 2.8%, and the tech-packed Nasdaq didn't hold back, pumping up by 4%! From Asia to Europe, stock markets are climbing higher as the anxiety from the weekend's high-stakes trade talks between the U.S. and China melts away.

The White House dropped a bombshell statement about the deal, and U.S. Treasury Secretary Scott Bessent spilled even more tea on CNBC Monday morning. The word on the street is that these global trade titans have hammered out a deal to temporarily slash those nasty reciprocal tariffs.

Here's the juicy part: the U.S. is going to chop tariffs on most Chinese imports from a sky-high 145% all the way down to 30%. Meanwhile, China's going to ease up on U.S. goods, dropping duties from 125% to a much friendlier 10%.

“We've locked in a 90-day breather and we're slashing those tariff levels big time. Both sides are dropping their tariffs by a massive 115%,” Bessent declared with a grin at a packed news conference.

This blockbuster deal hints that Wall Street's party could keep raging after last week's epic gains, sparked by President Donald Trump announcing a trade deal with the UK.

It's not just stocks feeling the love today. The whole market's buzzing, with the U.S. dollar soaring, oil prices climbing, and Treasury yields jumping. Even Bitcoin's getting in on the action, rocketing past $105,000. But hold onto your hats, because gold took a nosedive, dropping 3.2% to around $3,236 per ounce.

With tariff jitters fading faster than a bad memory, you can bet we'll see more fireworks in the market. But keep your eyes peeled, because Tuesday's bringing fresh inflation data with the Consumer Price Index. And don't forget U.S. retail sales and the Producer Price Index on Thursday, May 15.

In the earnings world, all eyes will be on Walmart, Sony, and Alibaba as they spill the beans on their quarterly results this week. Buckle up, because it's going to be one wild ride!