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,

Stock market futures in the U.S. surged on Monday as the U.S. and China agreed to temporarily de-escalate their trade war.