Global stocks rally as electronics get a tariff break

US SHARES JOINED a rally in Europe and Asia on Monday after the White House exempted smartphones and computers from tariffs, though gains were capped and the dollar was muted as President Donald Trump said that levies were still likely.

- AGENCIES New York/Singapore/London, April 14

AGENCIES New York/Singapore/London, April 14

Boosted by technology shares, the Dow Jones Industrial Average rose about 1%, while both the S&P 500 and the Nasdaq Composite added about 1.2%. Apple shares jumped around 3%. The S&P 500 rallied 5.7% last week, but was still more than 5% below where it was before what Trump calls "reciprocal" tariffs were first announced in early April.