Wall Street's three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war,

U.S. and China to pause most tariffs for 90 days, slash reciprocal rates. Amazon-backed Scale AI sets sights on Saudi expansion. Trump vows to cut drug prices in the U.S. by up to 80%.

DoorDash was down 7.5% after the meal delivery firm said it would buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.86 billion). The U.S. firm's quarterly revenue missed estimates, disappointing investors.