Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 2.2% in the morning session after reports indicated that smartphones, computers, and a wide range of tech devices and components would be exempt from the reciprocal tariffs on U.S. imports announced on April 2, 2025. The list of spared goods includes chips, solar panels, flat-screen TVs, flash drives, and memory cards.
Despite the optimism, President Donald Trump warned in a Truth Social post on Sunday that tech-related tariff exemptions will be short-lived.
Apple stock was upgraded by KeyBanc after smartphones, computers, and other electronics were exempted from President Donald Trump's "reciprocal" tariffs.
Digital infrastructure provider Applied Digital (NASDAQ:APLD) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 22.1% year on year to $52.92 million. Its non-GAAP loss of $0.08 per share was 22% above analysts’ consensus estimates.
The Dow Jones industrial average increased 312 points, or 0.78%, the S&P 500 added 0.79%, and the Nasdaq picked up 0.64%.
The BlackRock Investment Institute said on Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs. The near-term risk of a "financial accident" has eased following the Trump administration's decision to pause of hefty tariffs on most countries, according to a report from the research arm of asset management giant BlackRock.
Shares of U.S. automakers jumped on Monday amid speculation the companies could receive some relief from President Trump’s 25% auto tariffs.
(Bloomberg) -- Four Chicago pension funds are estimated to have lost nearly $1 billion amid the market rout set off by President Donald Trump’s tariff policies, a blow to the city’s retirement programs that are among the least funded of all major US cities.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix Cit
A listed version of Systematica Investments' flagship hedge fund is down roughly 19% this year, as some trend-following strategies have struggled to navigate the market turmoil caused by the new U.S. trade policies. The Schroder Gaia BlueTrend fund, which invests in rates, equities, currencies and commodities, is a listed version of Systematica's flagship BlueTrend hedge fund. The firm, with $17 billion in assets under management, is led by Leda Braga, BlueCrest Capital's former president and head of Systematica trading.
DuPont shares advanced Monday as KeyBanc analysts upgraded the stock to "overweight" from "sector weight."