Why Lowe's, Kohl's, and Stanley Black & Decker Stocks All Popped This Morning

Monday dawned bright for investors after President Donald Trump announced over the weekend that the U.S. has struck a deal with China to dramatically -- if temporarily -- roll back some of the tidal wave of new tariffs that the two nations had imposed on each other over the past several weeks. The U.S. and China agreed to a 90-day pause on post-April 2 tariffs, which will reduce the tariff rate on imported Chinese goods to 30%, and on exported U.S. goods to 10%.Major U.S. importers of China-made wares rejoiced, and shares of their stocks popped. As of 9:45 a.m. ET, hardware store chain Lowe's Companies is up 4.6%, tool-maker Stanley Black & Decker (NYSE: SWK) is up 14.6%, and department store chain Kohl's Corp. (NYSE: KSS) is a bit in between, up 12.4%.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool