US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

MSCI's global equities index lost ground on Monday on the latest uncertainty around tariffs while oil prices fell on the prospect of production increases and U.S. bond yields rose.

On Wednesday afternoon, the Fed left interest rates unchanged at a range of 4.25% to 4.5% for the third straight meeting. The central bank also noted in its statement that "the ri

The 90-day pause is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.

The dollar fell and major U.S. stock indexes rose on Tuesday on news that U.S. consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that has wreaked havoc on global markets.

US STOCKS are on a tear. The S&P 500 has risen for nine consecutive days – the first time it has done so in nearly 21 years – rebounding by 14 per cent from the recent low. It was also the best nine-day winning streak in percentage gains in history.

FTSE 100 futures are up 0.4%, lagging behind bigger moves higher for Europe and the US on optimism about trade progress between the US and China. The pound is down 0.2%, back below $1.33, though that’s down to a degree of dollar strength.

Stock Market LIVE Updates | Domestic benchmark indices Sensex and Nifty traded higher on Wednesday, supported by softer-than-expected retail inflation in both the U.S. and the domestic economy for April.

By the closing bell, the blue-chip Dow Jones Industrial Average was up 0.7% to 41,113, the broad-based S&P 500 had risen 0.4% to 5,631, while the tech-heavy Nasdaq Composite was higher by 0.3% to 17,738.