U.S. stocks rallied to kick off the trading week after investors cheered on reports suggesting that President Donald Trump may narrow the planned April 2 reciprocal tariffs. The White House neither confirmed nor denied that changes would be coming.
The blue-chip Dow Jones Industrial Average surged by 500 points, or about 1.3 percent. The tech-heavy Nasdaq Composite Index jumped by more than 350 points, or roughly 2 percent. The broader S&P 500 picked up close to 100 points, or a 1.6 percent increase.
