Stocks rose worldwide Monday after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be easing.

The S&P 500 climbed 0.8%, though trading was still shaky, and it briefly gave back all of its big early gain of 1.8%. The Dow Jones industrial average rose 312 points, or 0.8%, and the Nasdaq composite added 0.6%.

Apple and other technology companies helped lift Wall Street after Trump said he was exempting smartphones, computers and other electronics from some of his stiff tariffs.

Apple climbed 2.2%, and Dell Technologies rose 4%.

Automakers also rallied after Trump suggested he may announce pauses on tariffs next for the auto industry. General Motors rose 3.5%, and Ford Motor rallied 4.1%.

All told, the S&P 500 rose 42.61 points to 5,405.97. The Dow gained 312.08 to 40,524.79, and the Nasdaq composite climbed 107.03 to 16,831.48.

But such relief may ultimately prove fleeting. Trump’s tariff rollout has been full of fits and starts, and officials in his administration said this most recent exemption on electronics is only temporary.

Elsewhere on Wall Street, Goldman Sachs rose 1.9% after reporting a stronger profit for the latest quarter than expected. It joined other big banks in doing so, such as JPMorgan Chase and Morgan Stanley.

Perhaps more encouragingly for Wall Street, the bond market also showed signs of increasing calm.

The yield on the 10-year Treasury eased back to 4.37%. It had jumped to 4.48% on Friday from 4.01% the week before.

The value of the U.S. dollar, though, remained under pressure. It slipped against the euro and Japanese yen, while inching higher against the Canadian dollar.

In stock markets abroad, indexes climbed 2.4% in France, 2.9% in Germany, 1.2% in Japan and 1% in South Korea.

In China, stock indexes rose 2.4% in Hong Kong and 0.8% in Shanghai after the government reported that China’s exports surged 12.4% in March from a year earlier in a last-minute flurry of activity as companies rushed to beat increases in U.S. tariffs.

— Associated Press