Politics

article

Stocks made a strong comeback Monday after a steep drop last week that saw the Dow Jones Industrial Average fall over 1,600 points and the S&P 500 come close to entering a bear market.

Last week’s drop, which came after President Donald Trump’s sweeping tariffs were announced, was the worst day for markets since the early days of the pandemic in 2020.

Within the first 30 minutes of trading Monday, things turned around. The Dow bounced back, gaining 600 points. The S&P 500 rose by 3%, and the Nasdaq jumped 4%, pushing all three major indexes into positive territory.

Trump had predicted that the markets would only dip temporarily.