Stocks surged on Monday as optimism grew that President Donald Trump might delay some of his extensive tariff plans, potentially helping the U.S. avoid an economic slowdown from a prolonged trade war.
The Dow Jones Industrial Average rose by 597.97 points, or 1.42%, closing at 42,583.32.
The S&P 500 increased by 1.76% to finish at 5,767.57, while the tech-heavy Nasdaq Composite climbed 2.27%, settling at 18,188.59.
Tesla shares rebounded nearly 12% after nine weeks of losses, adding to their gains from Friday. Meta Platforms and Nvidia also saw increases of over 3%.
Despite this positive momentum, investors remain cautious about rising inflation and the risk of recession, especially with reciprocal tariffs set to begin on April 2.
However, reports suggest that the tariffs may be narrower in scope and that delays for sector-specific duties could be on the horizon.
Source (CNBC)
