Mumbai, April 15 -- The Dow jumped 312.08 points (0.8%) to 40,524.79, the Nasdaq rose 107.03 points (0.6%) to 16,831.48 and the S&P 500 climbed 42.61 points (0.8%) to 5,405.07.

Wall Street rose after US officials said some tech products like phones and chips would be excluded from tariffs but Trump denied any exceptions, saying they're just moved to a different category. He warned China remains a key target and pledged to review the entire electronics supply chain in upcoming tariff investigations.

Biotech stocks substantially moved upwards, resulting in a 2.5% surge by the NYSE Arca Biotechnology Index. Commercial real estate showed considerable strength, as reflected by the 2.1% jump by the Dow Jones U.S. Commercial Real Estate Index....