Group 1: Trade Developments - A trade breakthrough between the U.S. and China has been achieved, resulting in a 90-day pause on reciprocal tariffs, reducing tariffs on Chinese imports from +145% to +30% and on U.S. exports from +125% to +10% [1] - This de-escalation in the trade war has positively impacted stock markets, with major indexes showing significant gains [2] - The likelihood of a permanent trade deal within the next 90 days could further boost market performance and reduce recession risks [3] Group 2: Market Reactions - The Dow is up +1075 points, S&P is +175 points, and Nasdaq is +800 points, indicating strong market enthusiasm following the trade news [2] - Amazon and Tesla shares have both increased over 8% in pre-market trading [2] - The probability of interest rate cuts by the Federal Reserve has decreased, with the first cut now expected to occur in September instead of July [3] Group 3: Economic Indicators - The Monthly U.S. Budget for April is expected to increase to $256 billion from $210 billion reported previously [4] - The upcoming Consumer Price Index (CPI) report is anticipated to show a month-over-month increase of +0.2% and a year-over-year decrease to +2.3% [5] Group 4: Earnings Reports - NRG Energy reported Q1 earnings of $2.62 per share, exceeding estimates by +45.6%, with revenues of $8.59 billion, up from $7.43 billion year-over-year [6] - Sally Beauty's earnings of 42 cents per share surpassed estimates by 3 cents, but revenues fell short at $883 million compared to the anticipated $901 million [6]