Stocks jumped out of the gate Monday on reports of productive trade talks between the U.S. and China. The momentum lasted into the close, too, with all three indexes putting a big dent in their year-to-date deficits.
Over the weekend, high-level trade negotiators from the two countries met in Geneva, Switzerland, where they agreed to a 90-day truce that drastically lowers retaliatory tariffs. The U.S. and China will continue trade talks over this period.
