Stock Futures Soar After U.S. and China Broker Deal to Slash Tariffs
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Stocks were headed for big gains on Monday after the U.S. and China said that they had reached a deal to slash tariffs on each other’s goods. S&P 500 futures jumped 3%, and contracts tied to the tech-heavy Nasdaq 100 surged 3.9%. The U.S. said it would lower its "reciprocal" tariffs on most Chinese goods to 10% from 125%.
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