India, March 24 -- Stocks have moved sharply higher during trading on Monday, extending the upward move seen over the course of last Friday's session. The major averages have all moved to the upside, with the tech-heavy Nasdaq leading the charge.
In recent trading, the major averages have reached new highs for the session. The Nasdaq is up 351.18 points or 2.0 percent at 18,135.23, the S&P 500 is up 86.61 points or 1.5 percent at 5,754.17 and the Dow is up 540.72 points or 1.3 percent at 42,526.07.
The rally on Wall Street comes in reaction to reports President Donald Trump plans to hold back some of the reciprocal tariffs set to take effect on April 2nd.
A report from the Wall Street Journal said Trump is narrowing his approach to the t...