US stock futures surged even higher on Monday after the US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place. Stocks were already making gains over after the US said it had made "substantial progress" in weekend trade talks with China,

Stock market futures in the U.S. surged on Monday as the U.S. and China agreed to temporarily de-escalate their trade war.

Stock futures traded higher after officials from the U.S. and China wrapped up their weekend trade talks, touting progress toward a deal. Contracts tied to the S&P 500 and Dow industrials were up around 1% Sunday evening in New York,