The Dow Jones industrial index climbed 1.4 percent, the broad S&P 500 index 1.8 percent, and the technology-heavy Nasdaq composite index 2.3 percent.
Since the weekend, the market has chosen to see signs – including reports from The Wall Street Journal and the news agency Bloomberg – that the tariffs to be introduced on April 2 will not be as extensive as previously feared.
Reached the "chaos peak"
After a government meeting on Monday, Trump also spoke in the same vein – which increases risk appetite.
We said last week that we had already seen the "chaos peak" in the US's tariff policy. Events over the weekend seemed to confirm that regularization and rationalization of tariff policy are coming, followed by negotiations and concessions, says Thierry Wizman, strategist at investment bank Macquarie Group, to news agency Bloomberg.
Large technology companies acted as locomotives on Wall Street. All seven highly index-weighted technology companies called "The magnificent seven" – "the magnificent seven" – went up.
Electric car manufacturer Tesla led the pack with a plus 11.9 percent. At the same time, the company still lags 31.1 percent since the turn of the year.
Remaining worry clouds
Semiconductor manufacturer Nvidia, Facebook owner Meta, and e-commerce giant Amazon all had increases of over 3 percent.
In recent weeks, investors have also been plagued by concerns about a weakening labor market, warnings of domestic recession, weaker confidence in the economy among American households, and signs of rising inflation. This has caused prices to fall.
Both the S&P 500 and the Nasdaq composite index still lag behind since the turn of the year, despite Monday's increase.
