TARIFFS LATEST US, China to slash tariffs for 90 days HKSE - Delayed Quote • HKD CHINASOUTHCITY (1668.HK) Follow Add holdings 0.120 +0.004 +(3.45%) At close: 4:08:10 PM GMT+8 Related News Stock market today: Dow jumps 1,100 points, S&P 500 and Nasdaq surge after US-China tariff rollback triggers buying spree US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place. Retail gains, Wayfair upgrade, NRG Energy $12 billion deal Yahoo Finance host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute, including gains in retailers Target (TGT), Five Below (FIVE), RH (RH); Wayfair (W) received an Upgrade from Argus Research; NRG Energy (NRG) is acquiring 18 natural gas plants from LLS Power in a $12 billion deal aimed at boosting earnings growth. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. What are stock buybacks? Everything you need to know. Stocks in Translation podcast host Jared Blikre outlines a brief history of share buyback programs. Check out Stocks in Translation here or on your favorite streaming service with new episodes every Tuesday and Thursday. Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Wall Street's worst fears over Trump's trade war just faded Wall Street strategists consider the 90-day pause on tariffs between the US and China to be a better outcome than investors had anticipated. US-China trade deal optimism offers important investing reminder Wall Street pros remind investors that optimism around the new US-China tariff agreement could fade. Mag 7 rally, airline & pharmaceutical stocks: Trending Tickers The "Magnificent Seven," made up of Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Apple (AAPL), are rallying after the US and China agreed to lower tariff rates for a 90-day period. Airline stocks, like American Airlines (AAL), Delta (DAL), and United Airlines (UAL), are also gaining on the trade deal. Pharmacy stocks, including Eli Lilly (LLY), Johnson & Johnson (JNJ), and Merck (MRK), are moving to the downside after US President Trump said he will cut drug prices by over 50%. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. S&P 500, Dow, Nasdaq skyrocket after US-China trade truce US stocks (^DJI, ^IXIC, ^GSPC) skyrocket at Monday's market open, with the S&P 500 leading the charge. Morning Brief anchor Brad Smith and Yahoo Finance markets and data editor Jared Blikre review the market and sector moves following US and China trade negotiations from the weekend, which resulted in officials agreeing to a 90-day tariff truce. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. US-China tariff agreement may add fuel to 'Magnificent 7' stock rally The "Magnificent Seven" trade looks to be on again, for now. US, China strike trade deal ahead of key inflation data A trade deal to start the week will likely overshadow the planned events on this week's economic and earnings calendar. Trump's FTC antitrust cops just got a loud warning about blocking tech tie-ups President Trump's antitrust cops just received a loud warning about attempts to block any future technology mergers as the FTC lost an attempt to undo Microsoft's $69 billion acquisition of gaming giant Activision Blizzard. Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war. TSX Composite set for biggest turnover since 2022 as trade tensions reshape index Investing.com -- Canada’s S&P/TSX Composite Index is on track to see its largest reshuffle in nearly three years, driven by strong price divergence across sectors and geopolitical uncertainty, according to Scotiabank (TSX:BNS) analysts. The surge in expected turnover comes as the measurement period for June’s index rebalance opens, with final changes to be announced on June 6. Apple Stock Rises On Tariff Relief, But Services Challenges Remain Overhang Apple stock rose after the U.S. and China agreed to a cooling-off period on tariffs. But services business challenges remain an overhang. Popular YouTuber Coffeezilla Is Puzzled By Bill Gates' Philanthropy Plans—'I've Been Hearing This For 15 Years And Every Year Bill Has More' Bill Gates, the co-founder of Microsoft (NASDAQ:MSFT) and a tech industry titan, recently announced plans to give away 99% of his wealth by 2045, but not everyone is convinced. The billionaire, who became the world's youngest self-made billionaire at age 31 in 1987 and the first centibillionaire in 1999, currently holds a net worth of $113 billion, making him the 13th-richest person in the world, according to Forbes. Don't Miss: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company Stock Market Today: Dow Jones Soars As Nvidia, Apple Jump On China Trade Deal; Bill Ackman Stock Clears Key Level (Live Coverage) The Dow Jones surged on the stock market today. Treasury Secretary Bessent spoke out on China amid tariff progress. Alibaba cleared an entry. Mag 7 Stocks Tracking Second-Largest Daily Gain in Market Value The Magnificent Seven stocks were on track to add $821 billion in market cap in Monday’s risk-on rally, according to Dow Jones Market Data. The group of megacap tech stocks that is made up of Apple, Amazon.com, Tesla, Microsoft, Nvidia, Alphabet, and Meta Platforms was on pace for its second-largest one-day market cap gain; the group added $1.85 trillion in market cap on April 9 when President Donald Trump paused his "reciprocal tariffs” beyond 10% for 90 days. Stanley Black & Decker Stock Among Biggest S&P 500 Gainers on Tariff Relief Shares of Stanley Black & Decker surged 16% on Monday, making the stock one of the biggest winners in the S&P 500 amid a broad market rally following news of tariff easing. Stocks to Watch Monday: Apple, Nvidia, Broadcom, Shopify ↗️ Amazon (AMZN); Apple (AAPL); Meta (META); Tesla (TSLA): The biggest U.S. tech stocks surged Monday after the White House and China agreed to hefty tariff cuts. Amazon sells many Chinese-made products on its platform; China is an important market for Tesla; and Apple does much of its assembly in the country. Perplexity AI Looks to Raise $500 Million, Increasing the Pressure on Google Search As Alphabet investors worry about Google’s fading dominance, a start-up AI-powered search engine is raising more money. EU ‘nastier than China’, claims Trump Donald Trump has claimed that the European Union is “nastier” than China as he switched the focus of his global trade war. Performance Overview Trailing total returns as of 5/12/2025, which may include dividends or other distributions. Benchmark is HANG SENG INDEX (^HSI) Return 1668.HK HANG SENG INDEX (^HSI) YTD -33.33% +17.40% 1-Year -59.32% +24.18% 3-Year -83.05% +21.51%