Mumbai, Feb. 11 -- The Nasdaq jumped 190.87 points (1%) to 19,714.27, the S&P 500 climbed 40.45 points (0.7%) to 6,066.44 and the Dow rose 167.01 points (0.4%) to 44,470.41.

The latest tariff threat comes after Trump said last Friday he plans to announce reciprocal tariffs on many countries this week, with the U.S. imposing tariffs on imports equal to the rates imposed on American exports. Reports on consumer and producer inflation are likely to be in focus, while reports on retail sales and industrial production may also attract attention. Traders are also likely to keep a close eye on congressional testimony by Federal Reserve Chair Jerome Powell, looking for clues about the outlook for interest rates.

Computer hardware stocks moved s...