Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on May 12, 2025. Angela Weiss/AFP via Getty Images
U.S. stocks rallied on May 12 after the United States and China agreed to temporary tariff reductions.
The blue-chip Dow Jones Industrial Average soared by 1,160 points, or 2.8 percent. The index has erased most of 2025’s losses and is down by less than 1 percent.
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
