Dow jumps 900 and S&P 500 climbs 2.4% following a 90-day truce in the US-China trade war

NEW YORK (AP) — U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down most of its tariffs against the other, which economists warned could start a recession and create shortages on U.S. store shelves. The S&P 500 was up 2.4% in morning trading and back within 5.6% of its all-time high set in February. The index has been roaring higher since falling nearly 20% below that mark last month on hopes that President Donald Trump will lower his tariffs…