Wall Street Welcomes Tariff News with Open Arms

In a surprising turn of events, Wall Street reacted positively to the latest trade tariff adjustments from the Trump administration. The Nasdaq 100 futures led the charge, jumping over 1.7%, while the Dow Jones futures also saw significant gains, rising by more than 300 points.

Tech Sector Finds Relief in Tariff Exemptions

The Customs and Border Protection agency announced that certain electronics, including semiconductors and smartphones, would be temporarily exempt from tariffs. This news provided much-needed relief to the tech sector, which has been under pressure from ongoing trade tensions.

Market Reactions and Currency Movements

At 4:18 am ET, the Dow Jones futures had risen by 0.80%, or 325 points, the Nasdaq 100 jumped 1.75%, or 330 points, and the S&P 500 grew by 1.30%. Meanwhile, the euro traded 0.41% higher against the dollar, reaching 1.14018 at 4:28 am ET.