Stocks closed broadly higher Monday amid hopes on Wall Street that the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week. The S&P 500 jumped 1.

The sector has been at the center of much of the market’s recent sell-off in a reversal from their market-driving gains throughout the previous year. The stocks are among the most valuable on Wall Street and have outsized impacts on the whether the market gains or loses ground.

Asian markets have opened higher after Wall Street followed up one of its best days of the last year with a quiet day of trading