Shares of tech firms surged in early trading Monday after the U.S. and China agreed to temporarily slash tariffs while they work out a long term deal.

All of the Magnificent Seven stocks—Tesla (TSLA), Alphabet (GOOGL), Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Nvidia (NVDA), and Amazon (AMZN)—advanced along with global indexes on the de-escalation of the trade war with China. The Roundhill Magnificent Seven ETF (MAGS) was up 4% shortly after the markets opened.

Shares of chipmakers Marvell Technologies (MRVL), Broadcom (AVGO), Intel (INTC), and AMD (AMD) also rose sharply.

Tech stocks had gotten hammered after President Donald Trump's "Liberation Day" tariff announcement in early April prompted one of 澳洲幸运5官方开奖结果体彩网:the worst stock sell-offs i🎐n decades, with Apple shares losing 16% of their value in their worst 2-day str꧂etch since September 2008.

UPDATE—This article has been updated with the latest share price information.