U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.
As of 5 a.m. ET Monday, Dow Jones Industrial Average futures indicated a gain of more than 260 points at Monday’s open. S&P 500 and Nasdaq 100 futures also pointed to gains.
Those gains prime Wall Street to start the second half of the year with a bang following a big first half. The S&P 500 rallied more than 17% to start off 2019, notching its best first half in more than 20 years.
That surge came after stocks recovered in June from a torrid May performance. The Dow soared 7.2% in June, its biggest gain for that month since 1938. The S&P 500, meanwhile, jumped 7.9% for the month, marking its best June performance since 1955.
