U.S. Stocks Climb Amid Tariff Relief Hopes and Tech Rally

U.S. stocks were set for strong gains as the Trump administration signaled a measured approach to tariffs. Tech shares led premarket gains while economic data awaited to gauge inflation and economic health. Tariff concerns have fueled market volatility, but recent movements suggest a recovery effort.

U.S. stock indexes were on track for significant gains on Monday, buoyed by indications that the Trump administration may adopt a cautious stance on tariffs affecting its trading partners.

This comes as investors anticipate economic data releases that could shed light on the U.S. economy's health and inflation trends. Tech shares surged in premarket trading, with Amazon.com, Nvidia, and Microsoft seeing notable increases.

The broader market, including indices like the S&P 500 and Nasdaq, looks to have stabilized after a prolonged sell-off. Meanwhile, data indicators and upcoming Federal Economic reports are expected to offer further insights into market dynamics.

(With inputs from agencies.)