Intel (NASDAQ:INTC) climbed about 5% on Monday morning as tech stocks broadly advanced for a second straight session following a U.S. decision to delay tariffs on key consumer electronics, including smartphones and computers. The temporary relief sparked optimism across markets, giving firms that rely on overseas production a short-term lift.
China escalated the trade spat last week, announcing plans to increase duties on U.S. imports to as much as 125%, following Washington's own moves that brought total tariffs on Chinese goods to 145%.
Despite the market bounce, concerns remain elevated. John Canavan, lead U.S. analyst at Oxford Economics, said in a note that the absence of a consistent trade strategy continues to cloud investor sentiment, adding that volatility may stay high as markets brace for more uncertainty.
Trump has also granted a 90-day tariff suspension for most other countries after a wave of volatility rattled global equities and the bond market.
This article first appeared on GuruFocus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.