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US stocks surged on Monday following a White House announcement temporarily exempting some consumer electronics from President Trump's tariffs. The Dow Jones rose 1.1%, the S&P 500 climbed 1.7%, and the Nasdaq increased 2.3%. Apple shares soared 5.5%. While the announcement offered relief to tech companies, the President clarified the reprieve is temporary, with tariffs to be re-imposed under a national security classification. Global markets also saw gains.

Prepared by Christopher Adams and reviewed by editorial team.