U.S. stocks were headed for gains early Monday, as investors reacted to President Donald Trump pausing tariffs on smartphones, PCs, and other technology goods.
Futures tracking the Dow Jones Industrial Average climbed 443 points, or 1.1%. S&P 500 futures rose 1.6%, and contracts tied to the tech-heavy Nasdaq 100 were up 2%.
The three blue-chip indexes rallied last week after Trump said he would pause most reciprocal tariffs. Officials said in a note late Friday that smartphones, computers, and Apple watches would be among the products exempt from most levies on Chinese products, as well as the 10% duty on all U.S. imports.
