Stocks jump amid signs Trump could scale back tariffs

Stocks jumped in early trading Monday on reports that Trump administration tariffs set to take effect on April 2 could be narrower than previously expected. 

The S&P 500 rose 81 points, or 1.4%, to 5,749 as of 10:14 a.m. EST, the Dow Jones Industrial Average, jumped 506 points, or 1.2%, and the Nasdaq Composite climbed 334 points, or 1.9%.

A White House official told AFP that planned levies on the automobile, semiconductor and other industries "may or may not happen April 2," noting that the situation is "still fluid."