U.S. stocks returned early profits Monday afternoon, as markets remained more lingering over electronics tariffs over the weekend than Donald Trump’s trade policy.
The S&P 500 and Nasdaq composites rose slightly after 1.7% and 2.3% in morning trading, respectively.
The stock gave away previous benefits when Trump spoke about US border policy and aid to Ukraine in the war with Russia.
Earlier profits came late Friday after the White House ruled out smartphones and other appliances from the sudden tariffs introduced this month. However, on Sunday, administrative authorities warned that the resignation would be temporary.
Donald Trump’s volatile mix of tariffs drove major volatility in the market last Wednesday with the decision to suspend “mutual” collections in most countries outside China, causing massive rallies in US stocks.
“Trump’s uncertainty about tariffs is not over, but the suspension is [on key tech products] Ulrike Hoffmann-Burchardi, Chief Investment Officer of Global Equities at UBS Global Wealth Management, said:
