The USA500 is currently trading above 5,800 levels.
The S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners.
On Monday the S&P 500 was up 1.76%, the Dow Jones increased 1.42% and the Nasdaq surged 2.27%.