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Global stocks are rallying Monday after President Donald Trump temporarily exempted smartphones, computers, and semiconductors from his "reciprocal" tariffs.

Wall Street's main indexes rose on Monday, boosted by gains in technology stocks after the White House exempted smartphones and computers from new tariffs on Chinese imports, although additional levies on semiconductors remain imminent. The United States unveiled the exemptions on Friday, but President Donald Trump said he would announce tariff rates for imported semiconductors later in the week. The exempted tech products will face new duties within the next two months, U.S. Commerce Secretary Howard Lutnick said.

When a group of Harvard Business School students visited Italy's Monte dei Paschi di Siena in January, they gathered notes to build a case study on how to turn around a bank. The strength of that case may now depend on whether shareholders on Thursday approve CEO Luigi Lovaglio's surprise 12-billion-euro ($13.6 billion) hostile takeover offer for rival Mediobanca, made just days after the student visit. Advisory group Institutional Shareholder Services has urged shareholders to reject the plan as it leaves "little margin for error", while rival Glass Lewis is in favour, saying Lovaglio's track record provides guarantees for shareholders.

(Bloomberg) -- A knee-jerk reaction to President Donald Trump’s 90-day pause on broad tariffs propelled US stocks to one of their best days on record last week. Ironically, that could be a harbinger of tough times for equity investors.Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s

Over the last six months, CONMED shares have sunk to $51.84, producing a disappointing 19.7% loss - worse than the S&P 500’s 7.3% drop. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.

Even during a down period for the markets, Chewy has gone against the grain, climbing to $34.90. Its shares have yielded a 22.7% return over the last six months, beating the S&P 500 by 29.9%. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.

MGP Ingredients has gotten torched over the last six months - since October 2024, its stock price has dropped 63.7% to $28.87 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.