US stocks shot higher on Monday in the wake of a US-China deal to temporarily slash reciprocal tariffs, offering relief to markets worried about economic damage from a trade war. Wall Street is on track for a banner day after the US and China put tariffs on pause for 90 days,

Follow reaction and analysis as investors respond to an agreement by the U.S. and China to mutually slash tariffs temporarily.

Wall Street soared on Monday, after a surprise trade truce between U.S. and China gave a massive boost to sentiment. Market participants piled into risky equities and shunned bonds, sending U.S. Treasury yields lower.