Stocks surged across the board Monday as the U.S. and China’s trade war de-escalated significantly, and the most valuable American companies largely slumping from the Beijing vs. Washington standoff roared back to life.

The U.S. and China made progress on trade in weekend talks, and that should help a host of stocks including Tesla.

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