TARIFFS LATEST US, China to slash tariffs for 90 days Frankfurt - Delayed Quote • EUR Sega Sammy Holdings Inc. (RYU0.F) Follow Add holdings 4.7200 +0.3400 +(7.76%) As of 8:06:25 AM GMT+2. Market Open. Related News Stock market today: Dow gains 1,000 points, while S&P 500, Nasdaq surge as US-China deal spurs a rush into stocks US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place. What are stock buybacks? Everything you need to know. Stocks in Translation podcast host Jared Blikre outlines a brief history of share buyback programs. Check out Stocks in Translation here or on your favorite streaming service with new episodes every Tuesday and Thursday. Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Target, Astera Labs, Kindly MD: Trending Tickers Wealth host Brad Smith outlines some of today's trending stories. Target (TGT) was downgraded to Underperform from Market Perform by Bernstein analysts, citing the retailer's "difficult trade-off" between sales and margins. Astera Labs (ALAB) was upgraded to Overweight by Morgan Stanley, saying the stock's recent decline is a good entry point. Kindly MD (KDLY) stock skyrockets after announcing a merger with Nakamoto Holdings. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Trump expected to sign order to slash US drug prices President Trump is expected to sign an executive order intended to cut US prescription drug prices in order to match drug prices overseas. Yahoo Finance senior health reporter Anjalee Khemlani outlines the many steps and government agencies involved in investigating and carrying out this act. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. US and China to slash tariffs for 90 days as Trump and Xi likely to talk 'maybe at the end of the week' US and China agreed to a 90-day pause on their trade war following high-stakes talks this past weekend in Switzerland. How sectors, names, & assets are moving on US–China trade truce US stocks (^GSPC, ^IXIC, ^DJI) are jumping after a trade truce was reached between the US and China. Yahoo Finance Markets and Data Editor Jared Blikre breaks down sector and asset class moves, with tech and consumer discretionary leading sector gains and defensive plays lagging. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Secrets behind 'Magnificent 7' surge ahead of Nvidia earnings You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. The Magnificent 7 stocks are performing strongly again, even with chipmaker Nvidia's earnings report not due until May 28. This leadership group, which had largely underperformed in 2025 due to valuation concerns and macroeconomic risks, has seen a rally since the April 8 lows. This resurgence can be attributed to a couple of key factors. First, tech mega-caps like Microsoft (MSFT) and Alphabet (GOOGL (GOOGL)) significantly exceeded earnings estimates. Barclays' data indicates that these large-cap tech companies beat analyst earnings estimates by an average of 8% in the first quarter. Second, the earnings growth for these major tech players in the first quarter was once again impressive. Goldman Sachs' (GS) data reveals that large-cap tech stocks within the Mag 7 achieved an average earnings growth of 28% in the first quarter, compared to just 9% for the other 493 stocks in the S&P 500. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Why US-China tariff agreement isn’t super bullish for stocks You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. The bulls are back on Wall Street, with good reason. The US and China have agreed to ratchet down the tariff war for 90 days as each economy begins to feel the pressure of bruising penalties. After a weekend of meetings in Switzerland, the US will take reciprocal tariffs on China down to 10% from 125%. A separate tariff imposed by President Trump over what he says is China’s role in the fentanyl trade will stay intact. China will cut its retaliatory tariffs on US goods to 10% from 125%. Stocks soared on the news, the US dollar caught a strong bid, and defensive plays such as gold sold off. Investors will now be looking for two things to keep the bullish vibes going: first, that the two economic superpowers signal there is an opportunity to take tariffs down even further after the 90-day pause; and second, that the tariffs aren’t hammering the US economy. Yahoo Finance Executive Editor Brian Sozzi spoke with eToro global markets analyst Lale Akoner on Opening Bid for perspective on whether stocks will be back for the rest of the year or if this is just a headfake. Akoner also discusses top picks in what is now a significantly changed backdrop for investors. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Trump's FTC antitrust cops just got a loud warning about blocking tech tie-ups President Trump's antitrust cops just received a loud warning about attempts to block any future technology mergers as the FTC lost an attempt to undo Microsoft's $69 billion acquisition of gaming giant Activision Blizzard. Nvidia, Broadcom, AMD Rally as U.S. and China Ease Trade Barriers Chip Sector Spikes as Tariffs Fall to 30% for Three Months CVS Health celebrates reopening of Hendersonville store destroyed by Hurricane Helene Today, leaders from CVS Health® (NYSE: CVS) were joined by state and local representatives to celebrate the reopening of one of its Hendersonville CVS Pharmacy stores. Located at 522 South Main Street, the store was severely damaged during Hurricane Helene and forced to close last September. After months of repairs, it is the first store to reopen at the busy intersection of South Main Street and Spartanburg Highway, marking a milestone for the community, which suffered extensive damage when Cle Nvidia (NVDA) Tweaks H20 Chip to Keep China Business Alive Downgraded model aims to sidestep U.S. export curbs Amazon Stock Surges After Tariff Relief Amazon.com shares are surging in response to the U.S. and China temporarily rolling back tariffs. Amazon’s stock was up about 8% Monday, trading at more than $208 a share. The positive response is a reprieve after investor concern loomed over the company, whose retail operations have become heavily dependent on Chinese goods. NRG Energy (NYSE:NRG) Reports Strong Q1 2025 Earnings With Sales Up To US$8.6 Billion NRG Energy (NYSE:NRG) reported strong financial results for the first quarter of 2025, posting substantial increases in both sales and earnings, while also reaffirming its earnings guidance for the year. The company's stock saw a significant price move of 26% over the past month, which may reflect investor optimism stemming from these robust financial outcomes. Additionally, recent changes in corporate governance, such as the elimination of supermajority voting requirements, might have been... Eli Lilly (NYSE:LLY) Announces Superior Weight Loss Results for Zepbound Over Wegovy Eli Lilly (NYSE:LLY) recently announced the impressive results of its SURMOUNT-5 trial, highlighting Zepbound's efficacy over Wegovy in weight management. This promising development was disclosed alongside its participation at the European Congress on Obesity and publication in The New England Journal of Medicine. Despite these headline-grabbing results, Eli Lilly's stock movement remained flat over the last month, aligning with broader market trends, which also showed little change. The... Why Is Apple (AAPL) Stock Soaring Today Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 5.1% in the afternoon session after the major indices popped (Nasdaq +3.4%, S&P 500 +2.5%) in response to the positive outcome of U.S.-China trade negotiations, as both sides agreed to pause some tariffs for 90 days, signaling a potential turning point in ongoing tensions. This rollback cuts U.S. tariffs on Chinese goods to 30% and Chinese tariffs on U.S. imports to 10%, giving companies breathing room to reset inventories and supply cha Meta (META) Stock Trades Up, Here Is Why Shares of social network operator Meta Platforms (NASDAQ:META) jumped 6.6% in the afternoon session after the major indices popped (Nasdaq +3.4%, S&P 500 +2.5%) in response to the positive outcome of U.S.-China trade negotiations, as both sides agreed to pause some tariffs for 90 days, signaling a potential turning point in ongoing tensions. This rollback cuts U.S. tariffs on Chinese goods to 30% and Chinese tariffs on U.S. imports to 10%, giving companies breathing room to reset inventories and Why Is Amazon (AMZN) Stock Rocketing Higher Today Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 7.4% in the afternoon session after the major indices popped (Nasdaq +3.4%, S&P 500 +2.5%) in response to the positive outcome of U.S.-China trade negotiations, as both sides agreed to pause some tariffs for 90 days, signaling a potential turning point in ongoing tensions. This rollback cuts U.S. tariffs on Chinese goods to 30% and Chinese tariffs on U.S. imports to 10%, giving companies breathing room to reset inve Why Nvidia, Broadcom, and Other Semiconductor and AI Stocks Rallied Monday Morning Investors got some good news that gave them hope for the future. Dow, S&P Surge After U.S., China Agree to Slash Tariffs 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 for trade between the world’s two biggest economies, and boosting the global outlook. The tech-heavy Nasdaq Composite jumped around 3.8% and is on track to enter a new bull market, up more than 20% from its recent low. The S&P 500 rose 2.8%. Performance Overview Trailing total returns as of 5/12/2025, which may include dividends or other distributions. Benchmark is Nikkei 225 (^N225) Return RYU0.F Nikkei 225 (^N225) YTD +5.36% -5.64% 1-Year +55.72% -1.53% 3-Year +4.89% +46.20%