The Dow soars 800 points as stocks bounce back on hopes for trade war deals

The rebound comes connected the heels of Treasury Secretary Scott Bessent’s comments that the Trump medication is unfastened to negotiating deals to trim tariffs, saying the U.S. could “end up with immoderate bully deals,” according to The Wall Street Journal.

Stocks person suffered 3 consecutive days of volatility and steep declines pursuing the unveiling of President Trump’s tariffs.

Monday featured the highest trading measurement for U.S. markets successful astatine slightest 18 years astatine astir 29 cardinal shares, according to CNBC.

The Dow fell much than 1,700 points astatine 1 constituent successful Monday trading. Overall, it swung 2,595 points during the session. The S&P 500 concisely touched carnivore marketplace territory Monday.

The Nasdaq was successful the greenish by closing time, gaining a flimsy 0.1%. Meanwhile, the Dow Jones Industrial Average down 349 points (0.91%) and the S&P 500 losing 12 points (0.23%). The Dow present has mislaid 11.3% successful the past month, portion the S&P has shed 12.3%. Even with Monday’s gain, the Nasdaq remains down 19% this year.

All 3 markets stay successful oregon adjacent to carnivore marketplace territory, which occurs erstwhile banal marketplace indexes diminution 20% from their caller peaks.

The tech-heavy Nasdaq is already successful a carnivore marketplace — it’s down much than 20% from its December 16 peak.

The S&P 500 and Dow Jones aren’t determination yet, but they mightiness not beryllium acold behind. The S&P 500 is down 17% from its precocious connected February 19, portion the Dow has declined 15% since December 4.

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