Dow Surges 1,160 Points on U.S.–China Tariff Truce, Tech Stocks Lead

The Dow Jones Industrial Average rallied 1,160 points (2.8%) on Monday after Washington and Beijing agreed to a 90-day pause and steep cuts in their reciprocal tariffs. The S&P 500 climbed 3.3%, while the Nasdaq Composite jumped 4.4%, marking one of the strongest single-day gains in recent years.

Tech Stocks at the Forefront

Leading the charge were heavyweight technology names benefiting from eased input-cost concerns and renewed risk appetite:

• Amazon (AMZN): +5.1%

• Alphabet Class A (GOOGL): +4.7%

• Apple (AAPL): +4.3%

Investor optimism was further fueled by reports that Apple may raise iPhone prices—even absent new tariffs—as it leans into premium positioning.

Tariff Rollback Details

In Geneva talks, both sides agreed to:

• U.S. Tariffs on China: Cut from 145% to 30%

• China's Levies on U.S.: Reduced from 125% to 10%

• 90-Day Cool-Off: No new duties while working-level discussions continue

Treasury Secretary Scott Bessent emphasized that “neither side wanted a decoupling,” underscoring a shared interest in stabilizing trade flows.

Broader Market Reaction

The tariff news sparked a rotation out of defensive sectors into growth and cyclical names, underpinning broad-based gains. To see the day's top performers across all U.S. exchanges in real time, tap into the Market Biggest Gainers API for an up-to-the-minute list of the stocks leading today's rally:
View Today's Market Gainers

What to Watch Next

1. Follow-through in Tech: Will mega-caps sustain momentum once tariff details are codified?

2. Earnings & Guidance: Companies reporting this week may update on how lower import costs affect margins.

3. Next Negotiation Steps: Markets will look for concrete progress in U.S.-China working-level meetings, where sector-specific carve-outs and timelines will be fleshed out.

By combining live gainers lists with tariff schedule updates, investors can navigate the post-deal landscape and position for the next leg of the market move.