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US stocks surged Monday after a significant de-escalation in US-China trade tensions. Tariffs were drastically reduced, averting a potential recession. The Dow Jones rose 2.3%, S&P 500 by 2.7%, and Nasdaq by 3.5%. This follows months of escalating tariffs and trade war threats. The agreement includes a mechanism to prevent future tariff increases, boosting investor confidence and reducing global recession risks. Tech stocks and luxury goods makers saw particularly strong gains.

Prepared by Christopher Adams and reviewed by editorial team.