Goldman Sachs profit exceeds expectations, tech shares rally, lifting US stocks

Tech shares led US stocks early Monday following Trump administration tariff exemptions as Wall Street equities began the week on a positive note after last week’s volatility.

US officials have listed tariff exemptions for smartphones, laptops, semiconductors and other electronic products for which China is a major source for optimism, lifting shares of Apple, Nvidia and other tech giants.

But Trump and other top officials have characterised…