Stocks rally as US-China trade war is put ‘on hold’

Jonathan Ernst/Reuters

Stocks surged Monday after trade tensions between Washington and Beijing cooled, and even as the Trump administration clashed with Iran on its nuclear program and sanctions relief. The dollar hit a fresh five-month high, and the 10-year Treasury yield held comfortably above 3%. 

Here’s the scoreboard:

Dow Jones Industrial Average: 25,011.95 +296.86 (+1.20%)

S&P 500: 2,729.90 +16.93 (+0.62%)

AUD/USD: 0.7577 0.0055 (+0.73%)

ASX 200 SPI futures: 6,082.5 +10.5 (+0.17%)

  1. US Secretary of State Mike Pompeo hit Iran with a list of demands for sanctions relief. The proposal would require Tehran to halt all uranium enrichment and to stop supporting militant groups in the Middle East.

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