S&P 500 surges 2.7% after the U.S. and China announce a 90-truce in their trade war

Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on U.S. store shelves. The S&P 500 was 2.7% higher in early trading…