Wall Street saw a strong rebound at the start of the trading session on Monday amid indications that the tariffs set to be imposed by the United States on April 2 could be less impactful than previously thought. Reports claimed the measures will be mostly reciprocal and avoid targeting specific industries, taking some pressure off foreign manufacturers.
The Dow Jones added 0.77% or 330 points, with Amazon leading the gains at 2.20%. The Nasdaq 100 surged 1.44% as Applovin Corp. soared 5.44%. The S&P 500 grew by 1.07% at 9:31 am ET, with Tesla Inc. rallying 5.39%.
The euro traded flat against the dollar and went for 1.08237 at 9:33 am ET.
