Stocks rally worldwide after Trump eases some tariffs on electronics for now

A specialist works at his post on the floor of the New York Stock Exchange (Richard Drew/AP)

Stocks rose worldwide on Monday after Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the US bond market seemed to be easing.

The S&P 500 climbed 0.8%, though trading was still shaky, and it briefly gave back all of its big early gain of 1.8%. The Dow Jones Industrial Average rose 312 points, or 0.8%, and the Nasdaq composite added 0.6%.