A historic date between America and China on a mechanism for tariffs ⚡

- U.S. stock futures rose on Monday after the announcement that the United States and China reached an agreement to significantly reduce their comprehensive tariffs.

- Dow Jones futures increased by 785 points, or 1.9%, and S&P 500 futures rose by 142 points, or 2.5%, while Nasdaq 100 futures gained 689 points, or 3.4%.

- The United States and China agreed to halt the escalation of tariffs imposed on each other for 90 days, with Washington reducing tariffs on China to 30% and Beijing lowering its tariffs on U.S. imports to 10%, according to a rare joint statement issued by the two countries following high-level trade talks over the weekend.

- This week's economic calendar will highlight a new monthly reading of consumer prices in the United States, which could shed some light on the impact of recent trade tensions.

- Shares of pharmaceutical companies declined after Trump announced plans to sign an executive order aimed at reducing the prices of prescribed drugs in the United States by between 30% and 80%.

- Oil prices rose as the announcement of the trade agreement between China and the United States raised hopes that the world's largest crude oil users may be moving toward a resolution of their dispute.