US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,

As of Monday's close, the S&P 500 ( ^GSPC 0.10%) was down just 0.6% year to date -- an astonishing rebound considering the index was down by more than 15% on the year at the nadir of its sell-off in early April.