Stock futures surged Monday morning after the U.S. and China agreed to slash tariffs on one another for 90 days while the two sides work toward a broader trade agreement.

Futures jumped after Treasury Secretary Scott Bessent said U.S.-China trade talks were "productive." Tesla, Palantir and Alibaba are in focus.

Stock futures traded higher after officials from the U.S. and China wrapped up their weekend trade talks, touting progress toward a deal. Contracts tied to the S&P 500 and Dow industrials were up around 1% Sunday evening in New York,