Stock futures surged Monday morning after the U.S. and China agreed to slash tariffs on one another for 90 days while the two sides work toward a broader trade agreement.

U.S. stock futures surged in early trade on Monday after the U.S. and China announced that they have agreed to pause most tariffs for the next 90 days while further trade talks take place. Futures linked to the Dow Jones Industrial Average gained over 1,

Futures jumped after Treasury Secretary Scott Bessent said U.S.-China trade talks were "productive." Tesla, Palantir and Alibaba are in focus.