U.S. stocks rallied on May 12 after the United States and China agreed to temporary tariff reductions.
The blue-chip Dow Jones Industrial Average soared by more than 1,000 points, or 2.4 percent. The index has erased most of this year’s losses and is down by about 0.9 percent.
The tech-heavy Nasdaq Composite Index is on track to exit the bear market. To kick off the trading week, it soared by more than 600 points, or 3.4 percent. Year-to-date, the Nasdaq has tumbled by 4 percent.
The broader S&P 500 climbed by more than 100 points, or 2.4 percent, and is down by about 1 percent so far this year….