** Tariff-proof stocks, including Netflix, Spotify and gold miners, fall after U.S. and China agree to temporarily slash tariffs
** U.S. to cut levies to 30% from 145%, while China to reduce to 10% from 125% during 90-day negotiation period
** The benchmark S&P 500 .SPX jumps to 2-month high as trade-sensitive sectors like retail and technology rally, while defensive sectors like consumer staples and utilities fall
** Netflix NFLX.O slides 2.2% to $1,115; stock hit all-time high of $1,164 last week; Netflix last month reaffirmed revenue forecast, assuring investors it could withstand an economic downturn
** Spotify SPOT.N drops 3.9% to $622.63 after reaching all-time high of $663.55 last week
** Safe-haven gold XAU= dips 2.4% at $3,243 after hitting all-time high of $3,500 in April, dragging gold miners down between 4.4% and 9.7%
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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