Wall Street Rallies as S&P 500 Ends Losing Streak/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ U.S. stocks rallied Monday morning, snapping a four-week losing streak with broad gains across sectors. The S&P 500 climbed 1.4%, led by strong performances in tech, including Tesla and Nvidia. Investor focus remains on upcoming tariffs and their potential impact on inflation and economic growth.
Wall Street Bounce: Quick Looks
- S&P 500 Climbs 1.4%: Index posts strong gains following four weeks of losses.
- Dow Jones Up 505 Points: The blue-chip average rose 1.2% in early trading.
- Nasdaq Leads the Pack: Tech-heavy index jumped 1.7% as investors piled into major growth stocks.
- Tesla Soars 7.9%: Despite being down 30% in 2025, the EV giant surged on Monday.
- Apple, Nvidia Rise: Tech momentum continued with Apple up 0.9% and Nvidia up 2.1%.
- 23andMe Shares Halved: Company announces voluntary bankruptcy, losing 50% in value.
- AZEK Co. Rallies 16%: Building materials firm bought by Australia’s James Hardie in $8.75B deal.
- Bond Yields Rise: 10-year Treasury yield ticks up to 4.32%, signaling economic uncertainty.
- Global Markets Mixed: European and Asian indexes show uneven performance amid trade war concerns.
- China Seeks Dialogue: Premier Li Qiang meets U.S. Sen. Steve Daines, pushing for de-escalation.
Wall Street Rallies as S&P 500 Ends Losing Streak
Deep Look
NEW YORK – Wall Street began the new week with a broad rally as investors looked past weeks of market turbulence and focused on opportunities ahead. The S&P 500 jumped 1.4%, breaking free from a four-week losing streak, while the Dow Jones Industrial Average climbed 505 points, or 1.2%, and the Nasdaq composite surged 1.7%.
Monday’s gains were widespread, with more than 85% of S&P 500 companies trading higher. All sectors finished in the green, suggesting a renewed sense of optimism despite lingering uncertainty over global trade tensions.
Tech Takes the Lead
Technology stocks once again led the charge, reflecting their growing influence over the broader market. Nvidia rose 2.1% and Apple gained 0.9%, as investors continued to favor big tech amid shifting macroeconomic conditions.
Tesla jumped 7.9%, a sharp rebound for the electric vehicle maker that remains down roughly 30% for the year. Analysts point to renewed retail investor interest and optimism about the company’s cost-cutting strategy as reasons for the bounce. However, CEO Elon Musk’s controversial political involvement continues to divide opinion.
Major Corporate Moves
Shares of 23andMe plunged by 50% after the company disclosed it had entered voluntary bankruptcy proceedings. Once a high-flying biotech brand, 23andMe has struggled amid revenue shortfalls and increasing competition.
In contrast, AZEK Co. surged 16% following news it would be acquired by Australia’s James Hardie Industries in a $8.75 billion cash-and-stock deal. The acquisition marks the second major consolidation in the building materials sector in just five days, following QXO Inc.’s $11 billion takeover of Beacon Roofing Supply.
These deals highlight a trend of strategic mergers in the construction and infrastructure space, which some analysts say could provide market support amid rising interest rates and fluctuating materials prices.
Bond Market Watch
In the bond market, Treasury yields climbed, with the 10-year yield rising to 4.32% from 4.25% on Friday. The increase reflects investor caution over inflation and possible interest rate adjustments as economic data evolves.
Trade Tensions Still Simmering
Despite Monday’s rally, uncertainty continues to swirl around the potential impact of upcoming U.S. tariffs. A new round of duties, set for April 2, could either be implemented as planned or delayed, depending on diplomatic developments. Wall Street has been particularly sensitive to tariff-related headlines, which have created volatility in recent weeks.
Meanwhile, Chinese Premier Li Qiang struck a conciliatory tone in Beijing, meeting with U.S. Senator Steve Daines, the first member of Congress to visit China since President Donald Trump returned to office.
“Relations between the countries have come to an important juncture,” Li said. “Our two sides need to choose dialogue over confrontation, win-win cooperation over zero-sum competition.”
The meeting is seen as a tentative step toward stabilizing economic ties, although significant policy shifts remain uncertain.
You must Register or Login to post a comment.