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The S&P 500 index closed sharply higher, reaching its highest level in over two weeks, driven by significant gains in technology stocks Nvidia and Tesla. Nvidia's shares rose over 3%, while Tesla's surged nearly 12%. This upward movement in the market follows indications that the Trump administration may adopt a more measured approach to tariffs against U.S. trading partners, encouraging investor confidence. Wall Street's main indexes benefited from this sentiment, as investors took the opportunity to buy into previously battered technology shares.
Wall Street's main indexes ended sharply higher as investors scooped up battered technology shares. Nvidia rallied over 3% while Tesla shares surged almost 12% https://t.co/hG077stHCP https://t.co/J77hxfK70y
The S&P 500 $SPX rose sharply to end at its highest in over two weeks on Monday. Why? U.S. tariffs might now be lighter than expected https://t.co/FtBAdyZHTo via @WSJ
The S&P 500 rose sharply to end at its highest in over two weeks, lifted by Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against US trading partners https://t.co/hG077stHCP https://t.co/ORNqH32IAM