S&P 500 (NYSEARCA: SPY) Live: China Trade Deal Breakthrough Sends Broader Market Soaring

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Winners & Losers

10:03 am by Gerelyn Terzo

NRG Energy (NYSE: NRG) is gaining 14% today after surpassing Q1 earnings estimates. In a bullish sign for natural gas, NRG also announced it would acquire the LS Power Portfolio in a whopping $12 billion transaction.

Newmont Mining (NYSE: NEM) is losing 5% on a falling gold price as investors flee the precious metal for equities in response to the U.S. and China trade talk success.

J.B. Hunt Transport (Nasdaq: JBHT) is rising 10.2% today. Transportation stocks are often viewed as a barometer for economic activity.

Dividend stock Altria Group (NYSE: MO) is off 3.2% on the day.

This article will be updated throughout the day, so check back often for more daily updates.

A China-U.S. trade agreement has unleashed the stock market bulls, leading to a 1,000-point advance in the Dow Jones Industrial Average. Technology stocks are among the top performers, sending the Nasdaq Composite soaring by 3.8% and the S&P 500 higher by 2.7%.  Magnificent Seven stocks are joining in on today’s rally, while nearly all sectors of the economy are flashing green. The SPY ETF is adding 2.5% today as the broader market narrows its year-to-date decline to 1.3%.

After concluding delicate negotiations over the weekend, the White House and Beijing officials have reached a temporary deal to lower the lofty tariffs, giving the markets enough details for a risk-on rally. Treasury Secretary Scott Bessent described a strategic decoupling from basic items made by China, agreeing to suspend tariffs for 90 days with the nation except for a wider-based 10% levy threshold.

KindlyMD (Nasdaq: KDLY) is up a staggering 573% on this Merger Monday. The company announced a business combination with bitcoin investment firm Nakamoto, a company founded by President Trump’s crypto advisor David Bailey.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Up 984.04 (+2.4%)
Nasdaq Composite: Up 589.93 (+3.2%)
S&P 500: Up 140.86 (+2.5%)

Wall Street Analyst Moves

UBS has reiterated its “buy” rating on Nvidia (Nasdaq: NVDA) shares head of the AI leader’s quarterly earnings report later this month but lowered the price target to $175 from $180 per share.

Jefferies has upgraded shares of hotel stock Marriott (Nasdaq: MAR) to “buy” from “hold” amid strength in its business model that could lead to further gains in the share price.

BofA has reiterated Amazon (Nasdaq: AMZN) as a “buy” rating, suggesting that its robotics business is likely to be a growth driver at the company.

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