US stock markets open sharply higher as US-China tariff truce...

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2025-05-12 13:56:07 -

US stock markets open sharply higher as US-China tariff truce sparks global market rally

US stock markets surged following a US-China agreement to suspend tariff hikes for 90 days, boosting hopes for eased trade tensions. The Dow soared by 2.33%, with tech stocks leading the rally. Travel and consumer sectors also saw gains, while pharmaceutical companies faced pressure.

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