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NEW YORK (AP) — Stocks are rallying worldwide Monday after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be relaxing. The S&P 500 was 1.3% higher in midday trading. The Dow Jones Industrial Average was up 399 points, or 1%, as of 11:10 a.m. Eastern time, and the Nasdaq composite was 1.4% higher. Apple and other technology companies led the way on Wall Street after Trump said he was exempting smartphones, computers and some other electronics from some of his stiff tariffs, which could ultimately…