On Monday, Apple stocks went up. This was because President Donald Trump said there will be temporary tariff exemptions for tech products.
Wall Street also saw gains. The Dow Jones went up by 312.08 points, which is 0.78%. The Nasdaq rose by 0.64%, and the S&P 500 increased by 0.79%.
Apple shares rose by more than 2%, and Dell shares went up nearly 4%.
Key Points:
- The tariff exemptions mean consumer electronics, smartphones, and computers will not have extra taxes.
- These exemptions are not permanent.
- Trump said that these tech products still have other existing tariffs.
Vocabulary List:
- Tariff /ˈtærɪf/ (noun): A tax imposed on imported goods.
- Exemptions /ɪɡˈzɛmptʃənz/ (noun): Exceptions to a rule or obligation.
- Gains /ɡeɪnz/ (noun): Increases in wealth or resources.
- Increased /ɪnˈkriːst/ (adjective): Made greater in size amount or degree.
- Consumer /kənˈsjuːmər/ (noun): A person who purchases goods and services for personal use.
- Electronics /ɪˌlɛkˈtrɒnɪks/ (noun): Devices that operate on electrical energy.
How much do you know?
Why did Apple stocks go up on Monday?
By how much did the Dow Jones go up on Monday?
Which index rose by 0.64% on Monday?
How much did Dell shares go up by on Monday?
What was mentioned as one of the key points regarding the tariff exemptions?
According to Trump, what still applies to the tech products despite the exemptions?
The tariff exemptions for tech products are permanent.
Apple shares rose by less than 2% on Monday.
The Nasdaq decreased by 0.64% on Monday.
Dell shares did not see any change on Monday.
President Trump announced the exemptions for agriculture products.
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Apple shares rose by more than on Monday.
The Dow Jones went up by points on Monday.
Trump said that the tariff exemptions for tech products are not .
The S&P 500 increased by % on Monday.
The rose by 0.64% on Monday.
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