Monday’s session in the S&P 500 index futures shattered the recent week’s and month’s range, propelled by a new 90-day China tariff deal. Bulls roared, capitalizing on eased trade tensions to drive a breakout rally.

Overnight, the White House’s weekend announcement of a 90-day temporary deal set to slash US tariffs on Chinese imports to 30% and Chinese tariffs on US imports to 10%, sparked a Sunday evening gap-up above last week’s range. Confirmed details helped to fuel a bullish charge, clearing last month’s range and distancing from the overnight low of 5734.25. 

Trump’s Sunday evening post vowing to cut US drug prices by 30-80% rattled healthcare, especially weight-loss drug firms, but failed to derail the rally. The regular session opened below the premarket high, with bears and profit-takers pressing lower off the bell. Choppy action followed, but bulls regained control by lunch, powering back to the premarket high. 

A final 10-minute buying burst sealed the session near the day’s high at 5865, up a hefty 187 handles, with after-hours trading hitting 5876.25. 

Tuesday brings April’s CPI report at 8:30 AM ET and Berkshire Hathaway’s Q1 earnings at 8:00 AM ET. 

Amazon.com Inc (NASDAQ: AMZN) snagged the biggest win among top components, soaring $15.58, or 8.07%, to close at $208.64, poised to capitalize on easing China-US tariffs.

That outpaced the cash index’s 3.30% gain by over two times.

No top components posted losses, leaving Berkshire Hathaway Inc Class B (NYSE: BRK.B) as the smallest gainer, inching up $0.51, or 0.10%, to close at $514.30.