Futures on Wall Street have seen a sharp surge on Sunday evening US time, after the Trump administration and China, both cited "substantial progress" on trade talks that took place over the weekend in Geneva,

Early gains were broad-based on the stock market today. A trade deal between the U.S. and Britain soothed fears. Robinhood broke out.

The S&P 500 has rallied sharply since April lows, but investors should be prepared for the gains to fade as more trade deals are announced, BofA said.