Dow jumps 598 points as Trump eases off on tariff plans

Stocks surged on Monday as Donald Trump said he may scale back tariffs set to be unveiled on April. 2. The Nasdaq Composite index gained 2.3%, as all Magnificent 7 stocks surged, the S&P 500 gained 1.8%, and the Dow Jones industrial average gained 1.4%, or almost 600 points. The reciprocal tariffs …