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Recent agreements to reduce numerous tariffs have alleviated concerns among economists regarding the potential for a recession and shortages in US stores.
In early trading on Monday, the S&P 500 surged by 2.7%. Notably, the Dow Jones Industrial Average experienced a significant increase of 981 points, representing a rise of 2.4%. Additionally, the Nasdaq composite rose by 3.7%, highlighting a positive shift in market sentiment.
As global trade barriers lessen, crude oil prices experienced a spike, driven by the expectation of increased demand from a more robust global economy. The US dollar strengthened against various currencies, and Treasury yields also saw an uptick, reflecting renewed confidence in economic stability.