Midday trading on Monday saw U.S. stocks curtail their gains significantly, with the Nasdaq Composite Index remaining nearly flat, the Dow Jones Industrial Average rising 0.12%, and the S&P 500 index inching up by 0.21%. The U.S. government announced a temporary reprieve from tariffs on certain consumer electronics, but President Trump clarified that this was not a blanket exemption but rather a reallocation of tariffs to other product categories. This development has left the market grappling with uncertainty over the direction of Trump's tariff policy, consequently dampening investor sentiment.

Nvidia revealed plans to invest $500 million over the next four years in the United States to bolster artificial intelligence infrastructure. Tesla China reported a notable surge in sales for March. Meanwhile, despite maintaining buy recommendations from analysts, tech giants Apple and Microsoft saw reductions in their target prices. Goldman Sachs reported first-quarter earnings that surpassed expectations, while Pfizer announced the cessation of development on a daily weight-loss drug. Furthermore, Intel is on the brink of finalizing the sale of its Altera division to Silver Lake Capital.