Bonus Share: 1:1 ratio announced; record date on April 3 – Auto stock surged 609% in 5 yearshttps://t.co/dQVehqXojE
— ET NOW (@ETNOWlive) March 30, 2025
The Dow Jones Industrial Average surged nearly 600 points on Monday as investors grew optimistic that President Donald Trump may soften his stance on tariffs. The rally helped snap a four-week losing streak for the stock market. The Dow closed up 597.97 points, or 1.42%, at 42,583.32.
#NewsFatafat | Deep gashes on the Wall Street with all three benchmark indices closing in the red. Hotter-than-expected inflation data and uncertainty over upcoming tariffs send markets in downward spiral#Nasdaq #WallStreet pic.twitter.com/KcZHv6iHkY
— ET NOW (@ETNOWlive) March 29, 2025
The S&P 500 gained 1.76% to end at 5,767.57, while the tech-heavy Nasdaq Composite rose 2.27% to settle at 18,188.59. Reports surfaced that the impending reciprocal tariffs could be more narrow in scope than initially feared. Trump also indicated there might be delays for sector-specific tariffs, such as those on pharmaceuticals and autos.
US stocks tumble as deepening consumer gloom raises stagflation fears via @FT
https://t.co/w9429y1Iuz— Gregory Daco (@GregDaco) March 28, 2025
“Market conditions are improving dramatically as the angst around reciprocal tariffs is somewhat diminishing,” said Charlie Ripley, senior investment strategist at Allianz Investment Management. “We see this as a potential lift to growth in the U.S., should reciprocal tariffs come in a more watered-down form.”
Consumer discretionary stocks, the worst-performing sector of 2025, led the S&P 500 on Monday.
Dow jumps on potential tariff delay
My glass-half-full interpretation of the markets is that the S&P 500 and ACWI will meander in shallow correction territory while the Mag 7 reprice and the rest of the world outperforms. That seems like a reasonable expectation for the coming months. For diversified investors,… pic.twitter.com/rUoSRGUF5L
— Jurrien Timmer (@TimmerFidelity) March 27, 2025
The Consumer Discretionary Select Sector SPDR Fund (XLY) gained 3.7%. Electric vehicle stocks, which had been in a prolonged downtrend, rebounded with an over 10% increase. Oklo stock jumped more than 13% after the company announced the Nuclear Regulatory Commission will start an assessment later this month to review its microreactor license application.
Pinterest shares rose 4.5% following an upgrade from Guggenheim Analyst Michael Morris. Palantir shares gained over 5%, marking its second consecutive session of significant gains. The Treasury Department has extended Chevron’s license to pump oil in Venezuela until May 27.
This follows President Trump’s statement in late February that he would reverse a previous decision allowing limited oil production in the country. As weather reports indicate potential delays in tariff implementation and hopes grow for a more strategic approach, U.S. equity markets have shown resilience. Investors are closely watching for further developments regarding tariff policies and their implications for the broader economic outlook.