The U.S.-China tariff deal sent the tech-heavy Nasdaq soaring, entering a bull market, and economists are optimistic that the U.S. may dodge a recession.

The U.S. and China on Monday announced a 90-day pause on most tariffs blocking trade between the world's two largest economies. Analysts say the agreement gives Wall Street plenty to celebrate, but that tariff-related risks remain.

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. They agreed to take down most of their tariffs that economists warned could start a recession and create shortages on U.