Stocks rebounded Monday after President Trump softened his tone on China, easing concerns that trade tensions between the two nations could escalate after he late Friday announced an additional 100% tariff on Chinese imports. The S&P 500 jumped 102 points, or 1.6%, to 6,654, while the Dow Jones Industrial Average rose 588 points, or 1.3%, to 46,067. The tech-heavy Nasdaq composite gained 2.2%. Monday's gains erased some of Friday's losses, when the S&P 500 shed 2.7%, marking the index's worst day since April.
Main Idea: Stocks rose after President Donald Trump softened his tone on China, easing fears that new tariff threats could hurt the market, including the Dow Jones Industrial Average.
Key Points:
Trump’s tariff threats can raise costs for US importers, small businesses, and shoppers if trade tensions with China grow again.
A softer Trump tone eased market fears and helped retirement accounts and other investments recover some losses.
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Central political actor whose tariff announcement and later softer tone drive the market rebound story.
Major market index cited in the opening market reaction.
Chipmaker named as one of the biggest early trading gainers.
Major chip company cited among the early gainers.
Chipmaker named as one of the biggest early trading gainers.
Major market index mentioned as part of the broader rebound.
Major chip company cited among the early gainers.
Named foreign leader referenced in Trump’s comments about U.S.-China trade tensions.
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Named company reporting earnings later in the week.
Named company reporting earnings later in the week.