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Summary
Wall Street’s main indexes rose, fueled by tech stocks after the US exempted smartphones and computers from new tariffs on Chinese imports, although semiconductor levies are still forthcoming. The Dow Jones gained 416.38 points, the S&P 500 increased by 71.87 points, and the Nasdaq rose by 281.52 points, with Apple up 5.4%. The exemptions are expected to alleviate consumer goods costs, and market attention will be on upcoming earnings reports and commentary from Fed Chair Jerome Powell.
