Wall Street markets perked up Monday, with futures for the S&P 500 and the Dow Jones Industrial Average 0.1% higher after gaining substantial ground on Friday, the Associated Press reports.
The gains were broad, with every sector in the S&P 500 rising. That solidified a second consecutive winning week for the benchmark index, which has rallied back from a slump two months ago to come within striking distance of its record high.
Technology stocks, with their outsized values, led the broad gains. Chipmaker Nvidia jumped 1.2% and iPhone maker Apple rose 1.6%.
Tesla rose 3.7%, regaining some of the big losses it suffered on Thursday when Trump and Musk sparred on social media.
Circle Internet Group, the U.S.-based issuer of one of the most popular cryptocurrencies, rose 29.4%. That adds to its 168% gain from Thursday when it debuted on the New York Stock Exchange.
The economy is absorbing the impact from tariffs on a wide range of goods from key trading partners, along with raw materials such as steel. Heavier tariffs could hit businesses and consumers in the coming months.
In other trading early Monday, U.S. benchmark crude oil lost 21 cents to $64.37 per barrel. Brent crude, the international standard, gave up 23 cents to $66.24 per barrel.
The U.S. dollar retreated to 144.09 Japanese yen from 144.85 yen.
