The stock market rallied on Monday, with major indexes closing sharply higher. The Dow Jones Industrial Average soared 597.97 points, or 1.42%, to close at 42,583.32.
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 S&P 500 added 1.76% and closed at 5,767.57, while the tech-heavy Nasdaq Composite gained 2.27% to settle at 18,188.59.
#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
Investors remain jittery over a potential rise in inflation and recession ahead of President Donald Trump’s April 2 start date for reciprocal tariffs. However, sentiment appears uplifted on reports the duties could be more narrow in scope and that sector-specific tariffs are expected to be delayed. Trump said late Monday afternoon that he may give “a lot of countries” breaks on reciprocal tariffs.
US stocks tumble as deepening consumer gloom raises stagflation fears via @FT
https://t.co/w9429y1Iuz— Gregory Daco (@GregDaco) March 28, 2025
He also indicated that levies on sectors such as pharmaceuticals and autos would still be coming in the “near future,” but not as part of the early April rollout. “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.”
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
Shares of Oklo rose more than 13% after the company announced that the Nuclear Regulatory Commission will start an assessment later this month to determine whether its license application is ready for full review.
Wall Street sees significant gains
Oklo is seeking a license to construct and operate its first advanced microreactor at Idaho National Laboratory. Consumer discretionary stocks, which have been the worst-performing sector of 2025, led the S&P 500 on Monday, on pace for their best day since November 2023.
Tesla was the biggest advancer in the sector, with shares climbing more than 10% for its best day since November 2024. Shares of Pinterest popped 4.5% following an upgrade from Guggenheim. Analyst Michael Morris upgraded Pinterest to buy from neutral, noting the recent pullback in the image-sharing platform’s stock as a buying opportunity.
Palantir Technologies tracked for another session of noteworthy gains, jumping more than 5% on Monday, following a rally of just over 4% on Friday. Palantir has surged over 26% this year but remains significantly below its record close. The Treasury Department announced Monday that Chevron received an extension to continue its operations in Venezuela until May 27.
This move comes after President Trump indicated in late February that he would reverse a Biden administration decision, allowing Chevron to restart oil production in the country.
