New York, March 25 -- U.S. stocks jumped higher on Monday, as U.S. President Donald Trump might scale back some of his broad tariff plans, potentially helping the United States avoid an economic slowdown from an extended trade war.
The Dow Jones Industrial Average climbed 597.97 points, or 1.42 percent, to 42,583.32. The S&P 500 gained 100.01 points, or 1.76 percent, to 5,767.57, while the Nasdaq Composite surged 404.54 points, or 2.27 percent, to 18,188.59.
Among the 11 primary S&P 500 sectors, 10 finished in positive territory. Consumer discretionary and communication services led the rally, rising 4.07 percent and 2.10 percent, respectively. Utilities was the sole decliner, edging down 0.01 percent. Service-sector activity exceeded exp...