Shares of major tech companies, including Apple and Nvidia, jumped in premarket trading on Monday as investors reacted positively to news that the U.S. might pause tariffs on certain Chinese tech imports.
This potential tariff relief has boosted market sentiment, driving futures for key U.S. stock indexes higher and giving technology shares a solid head start for the week.
Tech Giants Lead Market Optimism
Apple’s stock rose nearly 2% in premarket trading, while Nvidia climbed over 1.5%. Other tech companies with strong exposure to China also saw early gains, driven by hopes that the U.S. administration may delay or cancel planned tariffs on products like smartphones, laptops, and other consumer electronics.
Analysts believe that any pause in tariffs could provide short-term relief to tech manufacturers and help stabilize global supply chains affected by the ongoing trade tensions.
Broader Market Impact
The positive momentum extended beyond tech stocks. Futures for the S&P 500, Nasdaq, and Dow Jones all traded higher, suggesting a strong open for Wall Street.
Investors are closely watching for any official confirmation from Washington regarding the scope and timing of potential tariff relief measures.
