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of <h1>Trade War Ceasefire: US and China Agree to 90-Day Tariff Reduction, Markets Rally with Significant Gains</h1> The S&P 500 surged 2.7% after the United States and China announced a 90-day trade war truce, agreeing to reduce tariffs. The Dow Jones Industrial Average jumped 2.4%, and the Nasdaq composite rose 3.7%. Crude oil prices increased, the dollar strengthened, and Treasury yields rose in response to the potential economic relief.
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