The Dow Jones Industrial Average closed up 1,160 points, or 2.8%, while the S &P 500 jumped 3.2%. The tech-heavy Nasdaq increased 4.3%. Facebook parent Meta and Amazon each climbed about 8%. Starbucks increased more than 6%.

U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.

NEW YORK] Wall Street stocks mostly rose on Tuesday after data showed US inflation easing in April, extending the market’s positive momentum on the improving outlook for trade relations with major partners.

A deal with China is a relief to investors who worried 145% tariffs would severely limit trade, raise prices and hurt the US economy.

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The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.

The S&P 500, which plummeted as much as 12% in the days following the "Liberation Day" tariff announcement, is now up over 3% since.

U.S. stocks are mixed after overall April inflation eased but a narrower measure stripping out volatile sectors that the Fed eyes remained unchanged.

The Dow Jones Industrial Average falls 0.6 per cent to 42,140.43. Read more at straitstimes.com. Read more at straitstimes.com.

US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,