Markets cheer tariff reprieve, Republican budget proposal includes funding cuts to Medicaid, Tesla worth $1 trillion, more news to start your day.

Stocks are soaring Monday as investors cheer weekend talks that saw China and the U.S. agree to slash tariffs on each other for at least 90 days. Data indicate that institutions were already lagging behind the stock-market bounce that had seen the S&P 500 take back much of its post-April 2 selloff,

U.S. equity futures nudged lower in early Tuesday trading as investors hit pause on one of the strongest rallies of the year heading into a key inflation reading prior to the opening bell. Stocks ended firmly higher on Monday,