Wall Street joins a global rally after Trump exempts some electronics from tariffs
World markets rallied after President Trump said some electronics won't face same U.S. import duties as other products.
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NEW YORK (AP) — Stocks are rallying worldwide after President Donald Trump relaxed some of his tariffs, for now at least.
The S&P 500 was 1.7% higher in early trading on Monday. It’s coming off a chaotic week where it careened through historic swings as markets struggled to catch up with Trump’s moves on tariffs.
The Dow Jones Industrial Average was up 434 points, or 1.1%, and the Nasdaq composite was up 2.5%.
Apple, Nvidia and other big technology companies led the way on Wall Street after Trump said he was exempting smartphones, computers and some other electronics from some of his stiff tariffs.
