Stocks Surge As Trump Softens On China Tariffs—S&P 500 Heads To 2nd-Biggest Gain Since 2022
1. S&P 500 surged 3.3% amid eased trade tensions with China. 2. Trump plans to reduce Chinese tariffs from 145% to 50%-65%. 3. Investor optimism grows as Fed Chairman Powell's job is secure. 4. Consumer discretionary and tech sectors saw significant gains on positive sentiment. 5. All but one S&P sector increased, highlighting broad market rally.