Key U.S. market indices showed strong intraday gains and recovering movements, supported by tech and crypto rebounds amid the impact of new reciprocal tariffs.
U.S. markets started strong with the Dow opening 200 points higher and closing up 81, while the S&P 500 and Nasdaq posted gains of 0.7% and 1.2% respectively. Bitcoin rebounded above $116,000 as trade tensions escalated following President Trump's announcement of new reciprocal tariffs affecting multiple countries. Tech companies benefited from chip tariff exemptions, with Nvidia, AMD, and Apple seeing early trading gains, and Apple announcing an additional $100 billion investment plan in the U.S.