Xinhua
13 May 2025

(250512) -- NEW YORK, May 12, 2025 (Xinhua) -- Traders work on the floor of the New York Stock Exchange in New York, the United States, on May 12, 2025. U.S. stocks rallied sharply on Monday after the United States and China announced a temporary rollback of reciprocal tariffs, providing much-needed relief to investors concerned about the escalating trade war's economic fallout. The Dow Jones Industrial Average rose 1,160.72 points, or 2.81 percent, to 42,410.1. The S&P 500 added 184.28 points, or 3.26 percent, to 5,844.19. The Nasdaq Composite Index increased 779.43 points, or 4.35 percent, to 18,708.34. (Xinhua/Liu Yanan)