Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 2.2% in the morning session after reports indicated that smartphones, computers, and a wide range of tech devices and components would be exempt from the reciprocal tariffs on U.S. imports announced on April 2, 2025. The list of spared goods includes chips, solar panels, flat-screen TVs, flash drives, and memory cards.
U.S. stocks, including Strategy (MSTR) and MARA Holdings, rose on possible progress on trade talks with the EU.
- Bitcoin ETFs have experienced consistent outflows in April despite price gains. - MicroStrategy continues its aggressive Bitcoin acquisition strategy amid the market volatility. - Total outflows reached $812.3 million for April, with BlackRock's IBIT leading withdrawals.
Despite the optimism, President Donald Trump warned in a Truth Social post on Sunday that tech-related tariff exemptions will be short-lived.
Apple stock was upgraded by KeyBanc after smartphones, computers, and other electronics were exempted from President Donald Trump's "reciprocal" tariffs.
Digital infrastructure provider Applied Digital (NASDAQ:APLD) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 22.1% year on year to $52.92 million. Its non-GAAP loss of $0.08 per share was 22% above analysts’ consensus estimates.
The Dow Jones industrial average increased 312 points, or 0.78%, the S&P 500 added 0.79%, and the Nasdaq picked up 0.64%.
The BlackRock Investment Institute said on Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs. The near-term risk of a "financial accident" has eased following the Trump administration's decision to pause of hefty tariffs on most countries, according to a report from the research arm of asset management giant BlackRock.
According to the IRS, the average tax refund for the 2025 season is $3,271 as of March -- a bigger windfall than many taxpayers will see all year. America's 24/7 consumer culture offers no shortage of...
Shares of U.S. automakers jumped on Monday amid speculation the companies could receive some relief from President Trump’s 25% auto tariffs.
