Mumbai, Aug. 11 -- The Nasdaq jumped 207.32 points (1%) to 21,450.02, the S&P 500 advanced 49.45 points (0.8%) to 6,389.45 and the Dow climbed 206.97 points (0.5%) to 44,175.61.

Wall Street rallied as investors brushed aside worries over the economic effects of President Donald Trump's new tariffs on multiple U.S. trading partners. Apple (AAPL) led the gains, soaring 4.2% to its highest close in five months. The surge followed Apple's announcement to invest approximately 600 billion USD in the U.S. over the next four years. Legal Zoom's shares skyrocketed by 31% after Bank of America upgraded its rating on the online legal technology and services company's stock to Buy from Underperform.

Computer hardware stocks turned in some of the ma...