NEW YORK: U.S. stocks ended higher on Monday, with Apple giving the S&P 500 its biggest boost as the White House exempted smartphones and computers from new tariffs.
Uncertainty over future tariffs kept a lid on optimism, with the main indexes finishing off their highs of the day. Investors remain worried about how companies will manage supply chains as more changes are expected on the tariff front. The United States unveiled the exemptions on Friday, but President Donald Trump said on Sunday that he would be announcing the tariff rate on imported semiconductors over the next week.
