India, March 24 -- U.S. stocks turned in a fine performance on Monday, with the technology sector posting more pronounced gains. The market stayed positive as the mood remained bullish right through.
Investors reacted 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 tariffs, likely omitting a set of industry-specific tariffs.
Bloomberg also said Trump's coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened, citing aides and allies.
The major averages all closed on a high note. The Dow settled higher by 597.97 points or 1.42 percent, at 42,583....