LIVE MARKETS-US indexes up more than 1%, with consumer discretionary, Tesla leading

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U.S. INDEXES UP MORE THAN 1%, WITH CONSUMER DISCRETIONARY, TESLA LEADING

The three major U.S. stock indexes are up more than 1% each on Monday morning, led by a more than 3% gain in the consumer discretionary index .SPLRCD, and as Tesla TSLA.O shares are up more than 7%.

Investors are awaiting more updates on tariffs from the Trump administration. Bloomberg News and the Wall Street Journal have reported, citing officials, that U.S. President Donald Trump's administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2.

Indexes are holding gains after data showing U.S. business activity picked up in March even as growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment.

All of the S&P 500 sectors are higher, but consumer discretionary is up the most.

Here is the morning snapshot:

(Caroline Valetkevitch)

FOR MONDAY'S EARLIER LIVE MARKETS POSTS:

DOW INDUSTRIALS FLIRT WITH CORRECTION; TRANSPORTS FLIRT WITH BEAR - CLICK HERE

FX HEDGE ADJUSTMENTS TO LEAD TO EURO SELLING - CLICK HERE

DON'T TURN YOUR BACK ON EUROPEAN VALUE RETAILERS YET - CLICK HERE

EUROPEAN STOCKS FLAT, MINERS RISE - CLICK HERE

EUROPE BEFORE THE BELL: STOCKS HEAD FOR UPLIFT DESPITE TARIFF ANXIETY - CLICK HERE

IN GOOD SPIRITS AFTER HINTS OF TARIFF RETREAT - CLICK HERE