NEW YORK, May 21 (Xinhua) -- Wall Street rallied on Tuesday as tech shares rebounded from the losses in the previous session after the news that the United States temporarily eased restrictions on Chinese telecom giant Huawei.

At midday, the Dow Jones Industrial Average jumped 133.23 points, or 0.52 percent, to 25,813.13. The S&P 500 was up 21.60 points, or 0.76 percent, to 2,847.81. The Nasdaq Composite Index climbed 81.84 points, or 1.06 percent, to 7,784.21.

Ten of the 11 primary S&P 500 sectors gained in midday trading, with materials and technology up 1.49 percent and 1.30 percent, respectively, leading the advancers.

Major U.S. tech giant stocks, including Facebook, Apple, Netflix and Google-parent Alphabet, traded higher. Amazon, however, decreased a modest 0.16 percent.

Chipmaker stocks rose broadly. VanEck Vectors Semiconductor ETF, which tracks the overall performances of major U.S. exchange-listed companies in the semiconductor industry, rose 2.33 percent around midday.

U.S. equities tumbled on Monday with the tech-heavy Nasdaq down more than 100 points as investors grew concerned about global trade tensions. Enditem

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