WALL STREET was bullish on Monday in a truce on tariffs between the U.S. and China (Shutterstock).

The stock market rallied dramatically on Monday, rising by over 1,100 points in response to the announcement of a 90-day truce in the trade conflict between the United States and China.

The Associated Press is reporting that the Dow Jones Industrial Average climbed by 1,160 points (2.8 percent). The S&P 500 was up by 3.3 percent and Nasdaq by 4.3 percent.

It all came in reaction to a joint statement by the U.S. and China in which the United States will reduce its tariffs on Chinese goods to 30 percent, down from a peak of 145 percent. China’s response is to drop its tariff’s on American goods from 125 to 10 percent.

The truce is good for three months, during which time the two parties will seek to make a permanent agreement.

Hamas releases Israeli-American hostage

In what’s considered a gesture of good will toward the Trump administration, on Monday the Hamas organization released an Israeli-American hostage who had been held hostage in Gaza for over 19 months.

According to the AP, Edan Alexander, 21, was released to the Red Cross and from there to Israeli forces before being flown by a helicopter to a hospital in Tel Aviv.

Sports: Angels rally to win over Padres

A six-run ninth inning – capped by a grand slam home run by Taylor Ward – lifted the Los Angeles Angels to a 9-5 victory over the San Diego Padres at Petco Park on Monday night.

Ward’s ninth home run was preceded by Zach Neto’s two-run homer in the third.

With the win, the Angels are 17-23 and still in fifth place in the American League West. San Diego fell to 25-15 and dropped to 1.5 games behind the idle Los Angeles Dodgers in the NL West race.

Weather: Nice and mild outdoors

Most people will probably enjoy the outdoors for the next few days in our West Orange County cities. The forecast calls for a daytime high on Tuesday of 69 with an overnight low of 55. Clouds are expected in the morning with some sun in the afternoon. Wednesday is expected to warm to 73 (56) with mostly sunny skies. Thursday will likely be similar at 72 (58) but with partly cloudy conditions. Friday will cool to 67 (58) and mostly cloudy.