Stocks rallied Monday as investors digested reports that Trump’s April 2 reciprocal tariffs could be less aggressive than expected.
Investors pushed US stocks up on Monday morning as they cheered news that President Donald Trump could soften reciprocal tariffs scheduled to kick in on April 2.
Trump’s planned «Liberation Day» on April 2, which was expected to see sweeping reciprocal tariffs go into efffect, will be more targeted than previously believed, Bloomberg and The Wall Street Journal reported. Some nations will be excluded and sector-specific tariffs will not be announced for now.
The news has helped revive investor enthusiasm to start the week, with the S&P 500 and Nasdaq Composite surging more than 1% and the Dow Jones Industrial Average rising more than 400 points.
