Market Gains Amid Trade Negotiations

Wall Street closed higher on Monday, with major indices posting solid gains. The uptick came as President Donald Trump announced that certain technological products would be exempt from the proposed 145% tariff on China. This decision has sparked optimism among investors, contributing to the market's positive performance.

Progress in Global Trade Talks

Further buoying market sentiment, U.S. officials reported significant progress in trade negotiations with other countries. These developments suggest a potential easing of trade tensions, which has been a key concern for investors worldwide.

Nvidia's Bold Move into AI

In a related development, Nvidia revealed plans to manufacture AI supercomputers in the United States. This announcement underscores the growing importance of artificial intelligence in the tech industry and its potential to drive future economic growth.

Market Performance

The Dow Jones Industrial Average rose by 0.78%, or 312 points, while the Nasdaq 100 and S&P 500 also saw gains of 0.57% and 0.80%, respectively. The euro remained stable against the dollar, trading at 1.13619 by late afternoon.

Stay tuned for more updates on this developing story.