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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.
