Stocks surged Monday as tech companies got a boost to start the week thanks to President Donald Trump’s unexpected reprieve from U.S. tariffs.
Over 1%, or 500 points, were added to the Dow Jones Industrial Average. The Nasdaq Composite gained 2.4%, and the S&P 500 increased 1.8%.
New U.S. Customs and Border Protection guidance released late Friday states that Trump exempted computers, smartphones, and other gadgets and components, such as semiconductors, from his new “reciprocal” tariffs.
Source (CNBC)
