United States stocks opened on a high note on Monday after President Donald Trump temporarily exempted American tech giants from some of his new reciprocal tariffs, sending shares of Apple and Dell soaring while providing relief to a market that had been rocked by tariff uncertainty.
The three major indexes all rose compared to last week, with the Dow Jones Industrial Average adding 421 points (1%), the S&P 500 rising 1.1%, and the Nasdaq Composite gaining 1%, according to CNBC.
At their midday peaks, the Dow was up more than 500 points, and the Nasdaq was up 2.5% during the volatile trading session.
Investors welcomed the exemption of smartphones, computers, and semiconductor components from Trump’s new “reciprocal” tariffs, based on U.S. Customs and Border Protection guidance issued late Friday.
Apple shares rose 3% following the news at the opening bell, while Dell surged more…
