After a relatively brief stretch in bear-market territory, the Nasdaq Composite was on track for an exit on Monday as stocks surged on news of a pause in U.S.-China tariffs. Shortly after the open, the Nasdaq was trading at 18,

Stock futures on Wall Street surged Sunday evening as the US cited "substantial progress" in trade negotiations with China, raising hopes of a potential deescalation in tensions between the world’s two largest economies.

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.