US: Tech shares lead stocks higher on Monday

WALL Street stocks advanced on Monday with the tech-rich Nasdaq leading major indices, as markets shrugged off Donald Trump’s latest statements on tariffs.

The US president is set to slap 25-per cent tariffs on steel and aluminium imports, part of a broad and gradually unfolding series of White House actions to remake trade.

Stocks tumbled last Monday following a weekend Trump tariff announcement.

But this time, the Dow finished up 0.4 per cent at 44,470.41 after spending almost all of the day in positive territory.

The broad-based S&P 500 gained 0.7 per cent to 6,066.44, while the tech-rich Nasdaq Composite Index advanced 1.0 per cent to 19,714.27.

“It’s a healthier response to a weekend announcement about tariffs,” said Art Hogan of B. Riley Wealth, adding that the metals tariffs are similar to those Trump enacted in his first term as president.

Tech shares that have struggled in much of 2025 had a good day, with Nvidia up 2.9 per cent and other chip companies also advancing.

McDonald’s jumped 4.8 per cent despite reporting a dip in profits following a drop in US comparable store sales.

However, analysts said the results were better than feared.

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US: Wall St kicks off week higher as Trump's tariffs lift steelmakers

Steel companies US Steel and Nucor won 4.8 per cent and 5.6 per cent respectively, as traders awaited the official White House tariff announcement. AFP