Stocks rose after President trump announced a one-month delay of tariffs on car imports from Canada and Mexico, lifting shares of major U.S. auto manufacturers.

President trump’s one-month delay of tariffs on car imports

The s&p 500 jumped about 1.1 percent

The technology-heavy nasdaq composite index also ticked up

stellantis’s stock rose roughly 9.2 percent

general motors was up 7.2 percent