Roundup: U.S. stocks surge as U.S.-China trade talk lifts market sentiment

NEW YORK, May 12 (Xinhua) -- 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.