*

McDonald's climbs after Q4 global comparable sales rise

*

Fed Chair Powell to testify before Congress this week

*

Indexes up: S&P 500 0.70%, Nasdaq 1.12%, Dow 0.34%

(Updates with afternoon trading)

By Noel Randewich and Shashwat Chauhan

Feb 10 (Reuters) - Wall Street's main indexes climbed on

Monday, lifted by Nvidia ( NVDA ) and other tech-related stocks, while

steelmakers surged after U.S. President Donald Trump said he

would impose additional tariffs on steel and aluminum imports.

Trump's latest potential trade barrier escalation came on

Sunday when he said he would introduce 25% tariffs on all

imports of steel and aluminum into the United States, on top of

existing duties on the metals.

U.S. metals producers that would benefit from steel and

aluminum tariffs rallied. Nucor ( NUE ), Steel Dynamics ( STLD )

and Cleveland-Cliffs ( CLF ) surged between 5% and 13%, while

Century Aluminum ( CENX ) added 11% and Alcoa ( AA ) rose 3%.

U.S. Steel gained 4.7%.

AI chipmakers Nvidia ( NVDA ) and Broadcom ( AVGO ) rallied

3.6% and 4.5%, respectively, while Amazon ( AMZN ) added 1.5%.

"Investors are basically saying, 'Hey, let's go back into

the areas that worked.' And one reason that investors are

optimistic, in my opinion, is because of earnings," said Sam

Stovall, chief investment strategist at CFRA Research.

With fourth-quarter reporting season over halfway through,

S&P 500 companies are expected to have posted year-over-year

earnings growth of 14.8%, up from expectations of less than 10%

at the start of 2025, according to LSEG I/B/E/S.

Heavyweight technology stocks fell sharply on Friday after

Trump announced reciprocal tariffs on all countries, matching

the tariffs levied by them.

The S&P 500 was up 0.70% at 6,068.08 points.

The Nasdaq gained 1.12% to 19,742.49 points, while the Dow

Jones Industrial Average was up 0.34% at 44,454.52 points.

Of the 11 S&P 500 sector indexes, nine rose, led by energy

, up 2%, followed by a 1.7% gain in information

technology.

U.S. Steel's shares also got a boost after Japan's chief

cabinet secretary said Nippon Steel ( NISTF ) was considering

proposing a bold change in its plan to buy the company.

McDonald's jumped nearly 5% after the hamburger

chain posted a surprise rise in its global comparable sales in

the fourth quarter.

Rockwell Automation ( ROK ) surged 14% after the automation

products maker posted higher-than-expected profit for the fiscal

first quarter.

Coca-Cola and DoorDash ( DASH ) are set to report

their quarterly results on Tuesday, with CVS Health ( CVS ) and

computer-networking equipment maker Cisco ( CSCO ) reporting on

Wednesday.

Investors are also looking to Federal Reserve Chair Jerome

Powell's biannual monetary policy report to the Senate Budget

Committee on Tuesday and to the House of Representatives

Financial Services Committee on Wednesday.

Expectations for the Fed's rate cuts to stay on hold in

March solidified after Friday's mixed U.S. employment report.

Advancing issues outnumbered falling ones within the S&P 500

by a 1.3-to-one ratio.

Across the U.S. stock market, advancing stocks

outnumbered falling ones by a 1.9-to-one ratio.