The S&P 500 Index ($SPX) (SPY) Monday closed up +0.79%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.78%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.57%. June E-mini S&P futures (ESM25) are up +0.78%, and June E-mini Nasdaq futures (NQM25) are up +0.52%.
Stock indexes posted moderate gains on Monday in hopes that President Trump will adopt a softer stance toward his tariff policies. Last Friday, President Trump said he would temporarily exempt consumer electronics from reciprocal tariffs and the baseline 10% global tariffs. However, a 20% tariff still applies to electronics shipped from China.
