TARIFFS LATEST US, China to slash tariffs for 90 days HKSE - Delayed Quote • HKD KWG GROUP (1813.HK) Follow Add holdings 0.335 +0.005 +(1.52%) At close: 3:59:23 PM GMT+8 Related News Stock market today: Dow gains 1,000 points, while S&P 500, Nasdaq surge as US-China deal spurs a rush into stocks US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place. Fox One, SoftBank delays investment, Zepbound weight loss Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Fox's (FOX, FOXA) new streaming service, Fox One; SoftBank (9434.T) delaying its $100 billion investment into AI infrastructure in the US; and patients using Eli Lilly's (LLY) Zepbound reporting losing more weight than Novo Nordisk's (NVO) Wegovy GLP-1 weight-loss drug. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Amazon, Tesla stocks lead 'Magnificent 7' surge after US-China temporary trade truce Amazon and Tesla stocks led the "Magnificent Seven" Big Tech stock surge after the US and China announced a temporary trade war truce. 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 trade truce, April CPI, drug prices: 3 Things US stock futures (ES=F, NQ=F, YM=F) are surging Monday morning after US and China officials agreed to significant cuts to each country's respective tariff rates in a 90-day cool-off period. April's Consumer Price Index (CPI) is due out tomorrow, reporting month-over-month trends in US inflation rates. President Trump vows to cut prescription drug prices by as much as 80%. In turn, pharmaceutical stocks are seeing across the board pullbacks in pre-market trading. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. How 'negative' sentiment is driving defensive tech bets Tech stocks have clawed back some recent losses, but uncertainty around tariffs is keeping investors cautious. Baird Tech Strategist Ted Mortonson joins Market Domination to break down the shift in sentiment, highlighting why some still see big names like Microsoft (MSFT) and Amazon (AMZN) as relatively safe bets. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Why Nvidia, Broadcom, and Other Semiconductor and AI Stocks Rallied Monday Morning Investors got some good news that gave them hope for the future. Apple Shares Climb 5% as U.S., China Agree to Temporary Tariff Truce Apple Surges as Trade War Tensions Cool The Dow, Up 900 Points, Is on Track to Exit Correction Stocks surged steadily on Monday after Wall Street got what it wanted on the tariff front. The Dow Jones Industrial Average was up 909 points, or 2.2%, in early afternoon trading. The Nasdaq Composite rallied 3.6%. The 2 Best Stocks to Invest $1,000 in Right Now Palantir has one of the the clearest opportunities to become a megacap company. Alphabet's stock, meanwhile, has been beaten down due to investors' worries that its search business is being disrupted. Alphabet owns a strong collection of leading and emerging businesses beyond its lucrative search segment. Stock Market Today: Dow Jones Soars As China Trade Deal Reached; Amazon, Nvidia Pop As Alibaba Clears Entry (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. Amazon and Tech Stocks Rally. Stay Cautious. Amazon was outstripping its Magnificent Seven peers such as Microsoft, Alphabet and Meta Platforms as the market welcomed news of a U.S.-China truce on tariffs. Nvidia Stock Continued to Rally Today. Why It's Not Too Late to Buy. Nvidia's China business has become a question mark, but now it could get even stronger. Productive and potentially meaningful trade talks over the weekend have investors more bullish on Nvidia. Increasing cooperation between the U.S. and China should be a net positive for the chipmaker in the long run. Why Apple's Stock Is Surging Today Officials from the U.S. and China announced a 90-day pause on elevated tariff rates imposed on one another, signaling a major de-escalation in trade tensions. Apple, which makes the bulk of its iPhones in China, could have been severely impacted had current policies stayed in place. Shares of consumer tech giant Apple (NASDAQ: AAPL) traded over 5% higher, as of 11:51 a.m. ET today, after officials from the U.S. and China announced a 90-day pause on extremely high tariffs rates, setting the stage for a broader trade agreement. Trump Executive Order Could Reshape How Americans Pay for Drugs. Why It Isn’t Bad for Pharma Stocks. The Trump administration’s Monday executive order could restructure how Americans buy prescription drugs, pushing them away from insurers and pharmacy-benefit managers and toward cash-pay options. A White House official said on a press call early Monday that a new executive order from President Donald Trump will push drugmakers to sell prescription drugs at low prices directly to patients. President Trump signed the executive order shortly before 11 a.m. after a press conference in which he and top officials railed against the drug industry and painted the order as a blow against drugmakers. Trump talks with Apple’s Cook as iPhone price hikes loom (Bloomberg) -- US President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Chevron's Resilient Business Positions It to Thrive at Lower Oil Prices Chevron has the lowest breakeven level in the oil industry. It also has a strong balance sheet. The company expects to deliver significant free cash flow growth by 2026, and that's before closing its acquisition of Hess. S&P 500, Nasdaq Hit Multi-Week Highs as U.S.- China Agree to 90-Day Tariff Pause Wall Street Rallies After U.S.--China Trade Truce Performance Overview Trailing total returns as of 5/12/2025, which may include dividends or other distributions. Benchmark is HANG SENG INDEX (^HSI) Return 1813.HK HANG SENG INDEX (^HSI) YTD -16.25% +17.40% 1-Year -18.29% +24.18% 3-Year -85.86% +21.51%