Nicholas Wells

3 weeks ago | cnbc.com | Fred Imbert |Nick Wells |Nicholas Wells

Stocks could be primed for large gains. The S & P 500 has soared more than 18% since hitting a closing low on April 8. That marks only the fifth time since 1970 that the broad market index has surged that much over just 25 trading days. The latest move higher comes as global trade tensions ease, with the U.S. temporarily pausing or cutting steep tariffs on imported goods. This week, China and the U.S. agreed to lower levies for 90 days as both countries work to hammer out a broader trade agreement.