FX.co ★ US Stocks Gain as Tech Tariff Exemption Sparks Rally

U.S. stocks experienced a rise on Monday after a volatile week, with the three main indices all posting gains of over 1%. This came amid ongoing uncertainty surrounding U.S. trade policies. A temporary exemption from new tariffs for tech products, including smartphones, computers, and semiconductors, triggered an early rally. This move by President Trump provided unexpected relief, though he subsequently clarified that these items would remain "subject to the existing 20% Fentanyl Tariffs." Consequently, shares of Apple and Dell jumped by 4% and 4.9%, respectively, bolstering overall market sentiment. While some investors interpreted this decision as a possible easing of the administration's stance, the prevailing mixed signals and continuing tariff threats maintained a high level of uncertainty. In the bond market, Treasury yields declined due to a rally, indicating caution in the wake of a notably tumultuous trading week. On the earnings side, Goldman Sachs reported strong quarterly results, causing a 2.7% rise in its share price.