Global stocks rallied on Monday as US stocks surged more than 1%, while US Treasury yields climbed after reports that President Donald Trump’s tariff plan may be more targeted. The news boosted risk appetite and lifted equities, despite ongoing uncertainty about the impact of potential tariffs.
The Dow Jones Industrial Average rose 434.77 points, or 1.03%, to 42,419.10. The S&P 500 gained 79.85 points, or 1.41%, to 5,747.41, while the Nasdaq Composite jumped 339.50 points, or 1.91%, to 18,123.55.
Reports suggest that Trump’s administration will exclude a set of sector-specific tariffs and apply reciprocal levies on April 2. This shift in approach has boosted market sentiment and lifted global stocks, with MSCI’s gauge of stocks across the globe gaining 7.70 points, or 0.91%, to 849.69.
The US Treasury yield on benchmark 10-year notes rose 8.1 basis points to 4.333%. Atlanta Federal Reserve President Raphael Bostic said he expects the Fed to cut its benchmark interest rate by only a quarter of a percentage point by the end of this year, citing slowing progress on inflation.
The dollar index gained 0.35% to 104.39, while US crude oil rose 1.08% to $69.02 per barrel. The news has lifted market sentiment, but uncertainty about tariffs remains a concern for investors.
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Source: https://www.reuters.com/markets/global-markets-wrapup-1-2025-03-24