The US and China have not agreed to roll back any tariffs. The thing to really keep in mind is to stay focused on as this trade talks still continue. In the past, China has said they're not willing to conceal until the next election.
Traders should definitely keeps tags on the talks, see how it's impacting to the major currencies day to day. We've seen time to time that these breakthroughs have really not resulted at anything that's real.
We have seen some material impact on stocks already, specific stocks like some semi-conductors, perhaps micron for instance that have a large exposure to China.
Around 94 to 95% of the S&P 500 has already reported, Peter said.