Global stock markets surged following a significant agreement between the U.S. and China to temporarily cut tariffs for 90 days. The Dow Jones jumped over 1,000 points, with the S&P 500 and Nasdaq also seeing substantial gains. This trade truce has sparked optimism among investors, leading to a rush into stocks, particularly in the tech sector. Meanwhile, gold prices tumbled as market sentiment shifted. The recent development marks a pivotal moment in U.S.-China trade relations, lifting global markets and igniting discussions about the potential impact on future negotiations.