FX.co ★ US Stocks Start Week Sharply Higher

U.S. stocks experienced an uptick on Monday as investors reassessed concerns surrounding the uncertain trade policies implemented by the Trump administration. The S&P 500 and the Nasdaq each rose by more than 1%, while the Dow Jones Industrial Average climbed 350 points. The White House announced a pause on the imposition of aggressive tariffs related to computers and electronics from a reciprocal tariff package, including those aimed at China. However, President Trump indicated that this was a temporary reprieve, with sector-specific tariffs on computers and semiconductors expected to be introduced shortly thereafter. These developments are part of the ever-evolving trade policies that have previously led to selloffs in equities, Treasuries, and the dollar, but optimists are betting that tariffs on Chinese electronics may not be as stringent as anticipated. This sentiment provided a boost to companies with supply chains reliant on China, the world's largest manufacturer. Apple saw a significant increase of 7%, while both Tesla and Nvidia gained 3% each. On the earnings front, Goldman Sachs saw its shares rise by 2.5% following the release of strong financial results.