The Globe and Mail reports in its Tuesday edition that the S&P 500 rose sharply to end at its highest in more than two weeks on Monday, lifted by Nvidia and Tesla after signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners. A Reuters dispatch to The Globe says that the Toronto Stock Exchange also rallied, reaching its highest level in three weeks. U.S. President Donald Trump was to apply broad levies starting April 2, but a set of sector-specific tariffs is now likely to be excluded. The situation is fluid and no final decisions had been made. Investors scooped up battered technology shares, with Nvidia rallying more than 3 per cent and Advanced Micro Devices jumping 7 per cent, sending the PHLX chip index 3 per cent higher. Tesla surged almost 12 per cent, recovering some of its recent steep decline. Financial markets have been volatile in recent weeks owing to fears of inflation and an economic downturn caused by tariffs. The S&P/TSX Composite Index was up 335.62 points at 25,304.11. On the TSX, the information technology sector advanced nearly 2.5 per cent, with blockchain farm operator Bitfarms adding 8 per cent after bitcoin climbed 3.9 per cent.