Benchmark indices on Wall Street rallied to recover most of Friday's losses after US President Donald Trump softened his stance on China after Friday's tirade on Truth Social.

The Dow Jones gained nearly 600 points, meaning two-thirds of Friday's fall, while the S&P 500 and Nasdaq gained 1.5% and 2.2% respectively led by the beaten down technology names.

Oracle Corp. Nvidia, Broadcom contributed to the gains, with Broadcom rallying 10% on an OpenAI partnership, adding nearly $150 billion to its market cap.

Late Sunday evening, Donald Trump wrote on Truth Social that "everything will be fine with China and that the US does not want to hurt the country, but help them out."

The post sent futures soaring, which reflected in the overall price action in regular trade as well.

The ongoing bu

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