Market Rally on Trade Developments and Corporate News

Major U.S. stock markets opened higher on Monday, buoyed by positive trade developments and significant corporate announcements. President Donald Trump's temporary exclusion of smartphones and semiconductors from the 145% tariff on Chinese exports, as per CBP guidance, provided a lift. However, Washington clarified that these exemptions are short-term, with new chip tariffs expected to be announced soon. A 20% levy on fentanyl-related products remains in effect.

Nvidia's Ambitious Plans Elevate Market Sentiment

Adding to the upbeat mood, Nvidia announced its intention to construct AI supercomputer facilities entirely within the U.S., further energizing the market.

Stock Highlights at Opening Bell

At 9:30 am ET, the Dow Jones Industrial Average index climbed 1.26%, or 505 points, with Apple Inc. leading the charge with a 7.33% surge. The S&P 500 rose 1.77%, highlighted by a 9.99% jump in Monolithic Power Systems Inc. The Nasdaq 100 started the session up 2.20%, with Palantir Technologies Inc. advancing 8.11%. Meanwhile, the euro dipped 0.53% against the dollar, trading at $1.12992 at 9:28 am ET.