FX.co ★ US Stocks Pare Early Gains

US stocks reduced their earlier gains on Monday, continuing their pattern of volatility due to ongoing uncertainties regarding US trade policy, which remains a source of concern for major corporations. The three major indices hovered slightly above break-even, significantly below the morning's session highs. In a recent development, the White House decided to temporarily suspend aggressive tariffs on computers and electronics from their reciprocal tariff package, including those targeting China. However, President Trump clarified that this temporary relief is only a prelude to forthcoming sector-specific tariffs. These developments have added to the ever-evolving trade policy landscape, which has prompted recent selloffs in equities, Treasuries, and the dollar. Nonetheless, there is cautious optimism that the duties on Chinese electronics might not be as severe as previously anticipated, offering some support to companies with supply chains reliant on the world's largest manufacturer. Apple experienced a 2% increase, although it had surged by as much as 8% earlier in the day. On the earnings front, Goldman Sachs rose by 1.5% following the release of its strong financial performance.