The president and his economic advisers are suggesting that tariffs expected to take effect April 2 could be less dramatic than anticipated.

Stocks rallied Monday as investors digested reports that Trump's April 2 reciprocal tariffs could be less aggressive than expected.

By Sruthi Shankar, Johann M Cherian (Reuters) -Wall Street futures jumped on Monday, as investors held out hope for a more measured approach to U.S. tariffs, and awaited economic data for signals on the health of the U.