S&P 500 ends sharply higher, Nvidia and Tesla rally

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City

THE S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners.

U.S. President Donald Trump said automobile tariffs are coming soon, and said he may give "a lot of countries" breaks on tariffs, but provided no details.