Wall Street ends higher with Apple shares as investors assess tariff exemptions

Uncertainty over future tariffs kept investors cautious, however, as investors remain worried about how companies will manage supply chains as more developments are expected on the tariff front.
Global technology shares mostly rose on the news, especially for companies that rely on imports from
Monday's trading was choppy as it has been since Trump announced sweeping tariffs on
"Really what we have is just continued uncertainty and inability for consumers and businesses and investors to plan much going forward or have reason to commit to long-term spending plans," said Jed Ellerbroek, a portfolio manager at
According to preliminary data, the S&P 500 gained 42.70 points, or 0.80%, to end at 5,406.06 points, while the Nasdaq Composite gained 107.78 points, or 0.64%, to 16,832.24. The Dow Jones Industrial Average rose 312.82 points, or 0.78%, to 40,525.53.
The CBOE Volatility Index,
Markets will be closed on
U.S. companies have begun to report results for the 2025 first quarter and, with tariff troubles looming, corporate executives may hold back on giving much guidance.
"Everybody knows the future is going to look a fair amount different than the past, and management teams are going to be really hesistant to commit to much," Ellerbroek said.
Still, shares of Goldman Sachs rose on Monday after the bank reported higher first-quarter profit. Quarterly earnings from companies including Netflix and UnitedHealth Group are also on the radar this week.
Also gaining were some drugmakers after Pfizer said it would end the development of its experimental weight-loss pill.
(Reporting by
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