US Wall Street stocks rose sharply after recording positive gains last week.
All three indexes surged due to the bilateral US-China agreement to reduce tariffs to ease the global trade war sparked by US President Donald Trump.
The Dow Jones Industrial Average rose 2.81%, the S&P 500 rose 3.26% while the tech-focused Nasdaq gained 4.35%.
The agreement was announced after Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer met with top Chinese economic officials to discuss US-China trade issues in Switzerland over the weekend.
The US government is set to reduce import tariffs on China to 30% from 145%, while the Republic of China will cut duties on US imports from 125% to 10%.
Markets are also cautious ahead of key Consumer Price Index inflation data due later today.
Inflation data is expected to influence the Federal Reserve's (Fed) interest rate plans after the bank signaled that no rate changes were imminent.
However, the Fed is expected to cut interest rates broadly by the end of the year.
Investors are cheering the resumption of talks between Washington and Beijing after a tariff war between the two world powers.
