US stock futures surged even higher on Monday after the US and China said they have agreed to slash most tariffs for 90 days while further trade talks take place. Stocks were already making gains over after the US said it had made "substantial progress" in weekend trade talks with China,

Futures surged as the U.S. and China will slash tariffs more than hoped after trade talks. Tesla, Palantir, Alibaba are in focus.

Stocks were headed for big gains on Monday after the U.S. and China said that they had reached a deal to slash tariffs on each other’s goods. Futures tracking the Dow Jones Industrial Average soared 893 points,