U.S. stocks rallied on Monday as investors reacted positively to reports that President Trump's upcoming tariffs will be more selective than initially anticipated.
The S&P 500 (^GSPC) climbed approximately 1.4% after breaking a four-week losing streak. The Dow Jones Industrial Average (^DJI) gained 1%, while the tech-heavy Nasdaq Composite (^IXIC) led the charge with a 1.9% increase.
Markets are assessing indications that the proposed U.S. reciprocal tariffs may be more limited than anticipated when Trump announces them on April 2, according to reports from Bloomberg and The Wall Street Journal. This has eased concerns that a worsening trade war could fuel inflation and further slow economic growth.
Dow Jones Industrial Average (DJI) – Real-Time Update
- Index Value: 42,484.83 (+499.48 | +1.19%)
- Time: As of 2:45:14 PM EDT (Market Open)
Market Overview
- Date: March 24, 10:55 AM
- Close: 42,515.74
- Open: 42,526.30
- High: 42,533.72
- Low: 42,494.47
Other Indexes
- Nasdaq (^IXIC): 18,146.00
- S&P 500 (^GSPC): 5,758.39
Market Trends & Economic Updates
- Treasury Yields: The 10-year Treasury (^TNX) yield increased by four basis points to 4.29%, as concerns over tariff impacts eased and risk appetite grew.
- Tesla (TSLA) Surge: Shares rallied as expectations shifted regarding potential auto sector tariffs from Trump on April 2.
- Tech Stock Boost: Jack Ma’s Ant Group projected significant AI cost reductions with alternatives to Nvidia (NVDA) chips.
- US Economic Growth: March data showed an upward trend, but overall Q1 growth remains slower than initially anticipated, per S&P Global’s flash US composite PMI.
Upcoming Economic & Earnings Reports
- Key Economic Data: The February Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation measure, will be released on Friday.
- Earnings Reports: Quarterly results expected this week from Lululemon (LULU), GameStop (GME), and Dollar Tree (DLTR).
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