Stock Market Alert | Consumer goods sector such as department stores saw significant gains, with Kohl's Department Store (KSS.US) rising over 11%.

According to the Securities Times app, on Monday, the consumer sectors such as shoes, clothing, and department stores saw a big increase. Kohl's (KSS.US) rose more than 11%, VF Corporation (VFC.US) rose 10%, Under Armour (UAA.US) rose more than 8%, Nike (NKE.US) and Macy's (M.US) rose more than 7%. A major joint statement was announced at the China-US Geneva Economic and Trade Talks, with a substantial reduction in bilateral tariffs between China and the US. Analysts believe that lower import costs may increase the gross profit margin of large retailers relying on Chinese goods, and increase their pricing power, putting them in a favorable position.