FX.co ★ US Stocks Soar

U.S. stocks began the week on a positive note, with key indices posting notable gains. The S&P 500 rose by 1%, the Nasdaq surged 1.5%, and the Dow Jones increased by 350 points, fueled by optimism among traders that the impending U.S. tariffs, slated to take effect on April 2nd, could be more selective and less severe than previously feared. Reports suggest that President Donald Trump's upcoming tariffs may be more precisely targeted, contrasting with the broad measures he has occasionally hinted at. All market sectors experienced gains, with consumer discretionary, technology, and communication services sectors outperforming. Notably, Tesla's shares climbed over 5%, while other major companies also saw increases, including Apple (up 0.4%), Microsoft (up 0.5%), Nvidia (up 2.3%), Amazon (up 2.3%), Meta (up 3.5%), and Alphabet (up 1.4%). In economic data, preliminary Purchasing Managers' Indexes indicated surprisingly robust growth in the services sector, alongside an unexpected decline in manufacturing activity.