Wall Street Sees Strong Rebound Amid Tariff Relief Hopes

Wall Street experienced a significant rebound at the opening of Monday's trading session. This surge came as indications suggested that the impending U.S. tariffs, set for April 2, might have a less severe impact than initially feared. Reports indicate that these measures will likely be reciprocal and not target specific industries, easing concerns for foreign manufacturers.

Key Performers: The Dow Jones Industrial Average climbed 0.77%, or 330 points, with Amazon leading the charge with a 2.20% increase. The Nasdaq 100 saw a notable rise of 1.44%, propelled by Applovin Corp.'s impressive 5.44% surge. Meanwhile, the S&P 500 advanced by 1.07% by 9:31 am ET, with Tesla Inc. making headlines with a 5.39% rally.

Currency Watch: The euro remained stable against the dollar, trading at 1.08237 at 9:33 am ET.