Technological actions increased on Monday after the Trump administration exempted key electronics, such as smartphones, laptop computers and fries of a new wave of tariffs on Chinese products, offering a respite to a sector that had been increased the growing commercial tensions and growing tensions and assembly.
Apple’s actions led the rebound, climbing 5.3% at the beginning of the negotiation session on Monday, since investors welcomed the decision to protect many technological products from tariffs that had threatened to drastically increase consumer prices.
The action had fallen more than 9% in the last two weeks in the midst of the iPhone, largely made in China, would face significant price increases under a proposal rate rate of up to 145%.
The technological heavy nasdaq increased 1.3%, or 215 points. Meanwhile, the S&P 500 advanced 1%, or almost 60 points.
The Dow Jones industrial average increased by 500 points after the opening bell and increased by more than 300, or around 1%, such as or 9:40 am east.
The announcement of Friday of the White House exempt 20 categories of technological products of the large import levies presented earlier this month.
The measure fed a global manifestation in technological actions, with the main hardware manufacturers and semiconductor companies that lead the profits.
Dell and HP increased 6% and 4%, respectively, while the chips manufacturer Nvidia added 0.8% in early trade.
Semiconductor stock in Europe and Asia also recovered, with Infineon, ASM International and Foxconn among the best artists.
“The elimination of the worst case is a support element (at least temporarily) for the sector,” said Alberto Grafa, an equita analyst, to Reuters.
He added that exemptions help avoid a blockade of total supply that could have arisen if tariffs on Chinese manufacturing electronics had remained in place.
The market reaction suggests that investors believe that the administration is showing greater awareness of the possible consequences of their commercial policies, participating in consumers fatigued by inflation that trust in smartphones, laptops and other electronic computers.
The tariffs had caused fears of an interruption of the supply chain that saw the duration of the COVID-19 pandemic, as well as the highest supplies costs for technology companies.
“The net effect is positive for technology, especially for giants such as Apple, which could be its strategy to set disorder under the rates proposed by 145% of China,” Matt Britzman, a senior capitalist of Hargreavns.
“On the other hand, this postponement and the news that will be most rates a couple of months away, gives Apple time to develop its inventory to cover the current iPhone Noving sales cycle.
Even so, relief can be temporary.
The Secretary of Commerce, Howard Lutnick, warned Sunday that the administration is planning new levies aimed at semiconductors and technological components under a national security investigation of section 232 separate.
“We expect some new measures in the coming months,” he said.
President Trump reinforced the message with a warning of social networks that “nobody is” out of tariffs “in tariffs”, stating that although exemptions can be applied under a frame, “they will be covered under another.”
Uncertainty has not prevented a short -term increase in investor trust.
Asian suppliers closely linked to American technology companies also published profits: Foxconn increased both Axy 7.8% before establishing 3%, how much advanced 5.8% and inventc earned 4.1%.
But they remain broader economic conerns.
A Wall Street Journal survey carried out as a result of Trump’s announcement of April 2 found that economists now contribute the possibility of a recession of the United States to 45%, almost twice the rate as of January.
Meanwhile, the coverage fund manager Ray Dalio said the economy is “flirting with contraction.”
For now, technological stocks are enjoying a strange moment of calm.
But with more rates that are coming, the long -term trajectory of the industry remains deeply uncertain.