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US stock index futures jumped en masse on Monday morning, buoyed by a surprise agreement between Washington and Beijing to reduce tariffs, signaling a de facto truce in the trade war that has weighed on markets for weeks. The new agreement, which is effective for 90 days, stipulates that the United States will reduce the additional tariffs imposed on Chinese imports since April of this year from 145% to 30%, while China will reduce its tariffs on US products from 125% to 10%. Markets reacted strongly to the news, with the Dow Jones futures index rising 1,007 points, or 2.44%, while the S&P 500 jumped 2.98%, and the Nasdaq climbed 3.89%, driven by broad gains in major technology stocks.