Wall Street's major market averages trade mixed on Tuesday after the retail inflation report rose less than expected in April. Early on and the S&P 500 (SP500) was +0.7%, the Nasdaq Composite (COMP:IND) was +1.

US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report

Stock futures were mixed Tuesday after kicking off the week with massive gains fueled by a de-escalation in the trade spat between the U.S. and China.

NEW YORK — U.S. stocks are rallying Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S. store shelves.

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,

U.S. stocks leap after China and the United States announced a 90-day truce in their trade war.

The U.S. agreed to cut tariffs on Chinese goods from 145% to 30%, while China committed to reduce tariffs on U.S. products from 125% to 10%. The previous set of sky-high tariffs had threatened a surge in prices and a possible U.S. recession, experts told ABC News.

The stock market’s rally continued on Tuesday after the consumer price index for April was better than feared despite headaches caused by the White House’s on-again-off-again tariff policy. The S&P 500 was up 0.

Markets around the world surged after the U.S. and China agreed to slash tariffs on each other's goods, reassuring investors about the prospects

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

US stock futures surged after President Donald Trump’s top trade officials brokered a surprisingly dramatic de-escalation in trade tensions with China over the weekend, dropping tariffs to much lower levels,