Summary
US stock markets opened higher on Monday following the White House’s announcement that certain Chinese-made smartphones and electronics would be exempt from tariffs, causing a surge in European shares and a notable rise in Apple’s stock, which is heavily reliant on Chinese manufacturing. However, President Trump indicated this exemption might be temporary, as tariffs on semiconductors and related goods are expected to be announced soon. The technology-heavy Nasdaq rose by 2.2%, with the S&P 500 and Dow Jones also gaining, reflecting positive market sentiment amid ongoing trade tensions.