Wall Street’s main indexes surged on Monday, driven by gains in technology stocks, after the White House announced exemptions for smartphones and computers from new tariffs on Chinese imports. However, additional levies on semiconductors are still expected later this week.
Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.
European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT.
Investors are increasingly hedging against market risks, as rising tail risk indexes and VIX skew reflect caution over tariffs, Fed policy, and global conflicts despite U.S. stocks hitting record highs.
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