U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.

① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.

cls.cn05:45

Shares of Banks and Financial Services Stocks Are Higher After the US and China Agreed to a Temporary Reduction in Most Tariffs on Each Other's Goods. A Reduction in Tariffs Could Alleviate Macro Uncertainty in the Lending and Deal Environment.

Benzinga00:47

Tobacco Stocks Fall Back as Risk-on Trading Sweeps Back Over the Market

Seeking AlphaMay 12 21:57

Mutual tariff reductions between China and the U.S. drive up oil prices. Is the rebound beginning or is the fluctuation continuing?

① The Chinese and American governments agreed to modify and cancel the tariffs imposed on each other's commodities, which has triggered optimistic Trade in the Global Capital Markets; ② The easing of the Sino-U.S. tariff dispute may signify a continued rise in the global economy, driving oil demand and increasing oil prices, but the rebound in oil prices in the short term could be challenging; ③ OPEC's production increase plans and Trump's commitment to low oil prices may limit the rise in oil prices, and the market is paying attention to Trump's trip to the Middle East.

cls.cnMay 12 20:24

The dilemma of the USA oil industry under Trump's trade war: soaring costs, plummeting oil prices, and Shale Oil producers caught in a quandary.

Trump's Energy policy is facing a split. On one hand, lowering oil prices fulfilled his campaign promise of "fighting inflation," and the general public is cheering for the decrease in fuel costs; on the other hand, voters in oil-producing states are complaining about job losses.

Zhitong FinanceMay 12 08:15

Jobs Up, Wages Down: Financial ETFs May Have Just Found Their Sweet Spot

BenzingaMay 10 04:49