Stock market today: Dow, S&P 500, Nasdaq rally for 2nd day, Apple jumps on tech tariff reprieve

Key Points

  • US stocks edged higher on Monday as investors focused on tech's temporary reprieve from President Trump's tariffs.
  • Apple shares gained more than 2% during Monday’s session, benefiting from the tariff exemptions on smartphones, computers, and other electronic devices.
  • Auto stocks like Ford and GM rose as Trump hinted at possible exemptions for upcoming auto tariffs.
  • The market rally faded by midday, with the Nasdaq (^IXIC) erasing gains and turning negative.
  • Uncertainty remains high as Trump and his top advisers have sowed confusion regarding the future of tariffs on electronics and semiconductors.

Summary

US stocks saw a slight increase on Monday, driven by a temporary reprieve from President Trump's tariffs on tech products. The S&P 500 (^GSPC) rose by 0.8%, while the tech-heavy Nasdaq (^IXIC) and the Dow Jones Industrial Average (^DJI) gained 0.6% and 0.7% respectively. Apple (AAPL) shares surged over 2% as the company benefited from the tariff exemptions on smartphones, computers, and other electronics. However, the market rally faded by midday, with the Nasdaq (^IXIC) erasing its gains and turning negative. The Trump administration's mixed messages on tariffs, including potential levies on semiconductors and the electronics supply chain, have left investors uncertain. Despite this, auto stocks like Ford (F) and GM (GM) rose after Trump hinted at possible exemptions for upcoming auto tariffs. The broader market sentiment remains cautious as investors brace for potential tariff-related volatility in the coming week.

yahoo
April 14, 2025
Stocks
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