What’s News in Markets: Trade Truce Winners, UnitedHealth Slides, Foot Locker Deal Bounce

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  Hey, listeners, it's Saturday, May 17th.

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  I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets,

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  our look at the biggest stock moves of the week and the news that drove them.

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  Let's get to it.

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  We have a deal.

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  In case you missed it,

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  we got a surprise on Monday when the U.S. and China announced a trade deal rolling back most of the tariffs between the two countries that have been weighing heavily on investors' minds and on many companies' operations.

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  Now, the relief could be temporary.

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  It's a 90-day agreement, so plenty of uncertainty remains.

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  But the trade optimism sparked a rally on Monday,

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  with the three major indexes making some smaller mixed moves the rest of the week.

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  On Tuesday, for instance, UnitedHealth's giant drop dragged the Dow lower,

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  and we'll get to that stock's meltdown in a bit.

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  All in all, the three major indexes each made some gains this week.

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  The Dow added more than 3 percent, the S&P 500 gained more than 5 percent,

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  and the Nasdaq rose more than 7 percent.

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  As far as individual movers go, let's run through some of the big winners of the U.S.-China truce.

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  Many of the stocks that had the most to gain were,

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  logically, the ones most exposed to China in their supply chains.

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  So, for example, Amazon, along with other big tech stocks, got a boost from the news.

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