S&P 500 Recovers After U.S.-China Tariff Deal

The S&P 500 index has fully recovered from losses, driven by a trade truce between the United States and China. This agreement led to a significant decrease in tariffs, boosting investor confidence. The deal involved the U.S. lowering tariffs on Chinese imports from 145% to 30%, while China reciprocated with a reduction from 125% to 10%. U.S. President Donald Trump expressed optimism for future trade discussions.