Trade deals are driving the recovery for U.S. stocks with the S&P 500 erasing all of its losses post Liberation Day. President Trump continues his Middle East trip striking partnerships and investments,

U.S. stocks rallied Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland.

Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades.

Dow industrials slip, Treasury yields creep higher and bitcoin rallies

President Donald Trump suggested many trade deals are near, while also endorsing cutting the tariff rate on China before weekend talks.

The Trump administration says it intends to develop a 'mechanism' that will 'rebalance' the U.S. trade relationship with China — a task that has eluded presidents for decades.

U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.

The Dow Jones Industrial Average slipped on Friday (May 9) as investors looked ahead to key trade talks between U.S. and Chinese officials scheduled for the weekend. The Dow shed 119.07 points, or 0.29%,

The United States and China reached a better-than-expected dealto temporarily slash tariffs, sending stocks and the U.S. dollar sharply higher, as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession.