Big Tech leads global stocks rally after Trump reciprocal tariff pause

The technology giants hit hardest in this year’s selloff were leading the rest of the stock market higher on Monday, after temporary reciprocal tariff exemptions were made for phones, computers and popular consumer electronics.

The S&P 500 Index climbed 1.5 per cent as of 9.33 am in New York, while the technology-heavy Nasdaq 100 Index jumped 1.9 per cent. Shares of Apple Inc soared as much as 7.5 per cent, with Magnificent Seven peers Nvidia Corp and Amazon Inc also rising.