The Dow Jones, S&P 500 and Nasdaq pointed to their best day in over a month as the White House rolled back the 145% tariff rate on Chinese goods to 30%.

Both sides agreed to draw down their tariffs for 90 days to allow time to negotiate a wider deal.

U.S. stocks soared on Monday, just hours after the U.S. and China announced an agreement to slash tariffs for 90 days as the world’s two largest economies negotiate a wider trade deal.

The U.S. temporarily cut tariffs on Chinese goods from 145% to 30%.

ABC News’ Rebecca Jarvis reports on how the stock market futures are reacting to news of the United States and China’s agreement to cut reciprocal tariffs for 90 days.

Shares are mixed in Asia as investors pin their hopes on weekend trade talks between China and the U.S. U.S. futures and oil prices logged modest gains

ABC News' Alexis Christoforous weighs in on the market as the S&P 500 has been up for nine consecutive days with the better than expected jobs report being a driving force.

Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April

President Donald Trump's policies during his first 100 days upended global trade, but also risked a recession, experts said.

This comes as investors are awaiting a release of earnings reports this week along with a jobs and U.S. GDP report.

A marketing email for Trump Coins ascribes gold's soaring value to the president's "strong leadership" -- but some experts say the surge reflects economic uncertainty.

President Donald Trump said Thursday that the U.S. and China have been negotiating a deal on tariffs after Beijing said earlier that such assertions from Washington were "fake news."

It comes as a new poll shows just 37% of Americans approve of President Trump’s handling of the economy.

U.S. stocks closed higher on Wednesday, one day after President Donald Trump said tariffs on China would "come down substantially."

U.S. and China may strike a "big deal" on trade, the Treasury secretary said.

U.S. stocks rallied on Wednesday, one day after President Donald Trump said tariffs on China would "come down substantially."

Stocks rallied on Tuesday as markets attempt a recovery following a battering amid fears that President Donald Trump will attempt to fire Federal Reserve chairman Jerome Powell.

President Donald Trump called Federal Reserve Chair Jerome Powell “a major loser” in a Truth Social post and warned the economy would slow unless the Fed lowers interest rates.

Trump's remarks defied a longstanding norm of political independence at the Fed.

As Pres. Trump ramps up his pressure campaign against Federal Reserve Chairman Jerome Powell to lower interest rates, the Dow plunged nearly 1,000 points.

President Donald Trump's remarks defied a longstanding norm of political independence at the Fed.

After talks with Japan and Italy this week, Trump was asked on Thursday if he expects to announce an initial deal with any of these countries soon.

Federal Reserve chair Jerome Powell addressed President Trump's tariff policies calling the level of increased tariffs "significantly larger than anticipated."

ABC News' Elizabeth Schulze is in Atchison, Kansas where a group of nuns who secured their retirement by investing in the stock market, have become activists.

U.S. stocks were little changed in early trading on Tuesday, a day after President Donald Trump signaled a willingness to ease some tariffs but also impose new ones.

Stocks climbed in Monday trading following the White House announcement that key consumer electronics would be temporarily exempted from tariffs.

U.S. stocks closed higher on Monday following the White House announcement that key consumer electronics would be temporarily exempted from tariffs.

U.S. stocks climbed in Monday trading following the White House announcement that key consumer electronics would be temporarily exempted from tariffs.

ABC News’ Rebecca Jarvis reports about how global markets are reacting to President Donald Trump saying there will be no exceptions for tariffs on electronics.

ABC News' Phil Lipof speaks with San Francisco Chronicle personal finance and utility columnist Jessica Roy.

KPMG Chief Economist Diane Swonk discusses the whiplash on Wall Street as Americans start to feel the impact of tariffs.

U.S. stocks closed higher on Friday, ending one of the most volatile weeks in Wall Street history on an upswing, despite an escalating U.S.-China trade war and acute inflation fears.

Market gains defied an intensifying U.S.-China trade war and inflation fears.

A bond slump days earlier helped push Trump to delay some tariffs.

China's Ministry of Finance announced Friday that Beijing will increase tariffs on all U.S. goods from 84% to 125%, in response to the U.S. "imposition of abnormally high tariffs on China."

ABC News’ Rebecca Jarvis and Whit Johnson report on the latest news from Wall Street.

Investors were rattled after the White House clarified China tariffs are now at 145%.

ABC News’ Elizabeth Schulze is in Atchison, Kansas where a group of nuns who secured their retirement by investing in the stock market, have become activists.

U.S. stocks tumbled a day after President Donald Trump's dramatic decision to suspend "reciprocal tariffs" on most American trading partners but escalate duties on China.

International policy expert, Matthew McGuire, discusses what the market reaction is as President Donald Trump remains optimistic as the stock market plummets.

U.S. stocks tumbled a day after President Donald Trump's dramatic decision to suspend "reciprocal tariffs" on most American trading partners but escalate duties on China.

U.S. stocks plunged on Thursday, wiping away half of a historic rally a day earlier.

ABC News’ Rebecca Jarvis reports on the market reaction to President Donald Trump's decision to suspend "reciprocal tariffs" on most American trading partners but escalate duties on China.

United States stocks closed with major gains on Wednesday after President Donald Trump announced a 90-day pause on some tariffs.

Inflation cooled in March, though price increases remain above the Fed's target rate of 2%.

Bowing to pressure from worried investors, frustrated businesses and increasingly anxious Americans the president announced a 90-day pause on most of his sweeping retaliatory tariffs.

President Donald Trump also announced a China tariffs increase to 125%.

The Dow Jones Industrial Average climbed 2,962 points, or 7.8%, marking the index's best day since 2020. The S&P 500 jumped 9.5%, while the tech-heavy Nasdaq soared 12.1%.

The reciprocal tariffs imposed on more than 80 countries overnight have only fueled the chaos and uncertainty on Wall Street.

President Donald Trump is not backing down as new tariffs take effect on dozens of countries, including a 104% tariff on all Chinese products imported into the U.S.