U.S. stock futures jumped early Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland. Nasdaq futures pointed to a 3.6% gain, with the S&P 500 futures higher by 2.8% and Dow up by nearly 1,000 points, or 2.3%. U.S. Treasury Secretary Scott Bessent said on Monday that talks with China had been "very productive" and both countries had agreed to cut "recipricol" tariffs by 115% for 90 days. That brings U.S. tariffs on Chinese goods down to 30%, and Chinese tariffs on U.S. imports to 10%.