Magnificent Seven Gain $700B After US-China Slash Tariffs, Gold Crashes: What's Driving Markets Monday?

  • Wall Street staged a robust rally Monday following the U.S.-China trade truce that slashed reciprocal tariffs by over 100 percentage points. By midday, risk-on sentiment was running at full throttle, propelling the Nasdaq 100 up 3.5% and lifting the S&P 500 by 2.7% to 5,815.43—its highest level since March.