Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war

Of course, conditions could change quickly again, as Wall Street has seen all too often in Trump’s on-again-off-again rollout of tariffs. Big challenges still remain in the negotiations between China and the United States, and there is “no reason to believe that this will be anything other than a slow process,” said Scott Wren, senior global market strategist at Wells Fargo Investment Institute.