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The S&P 500 flipped the script on Monday, pulling off a last-minute bounce to close slightly higher after tanking more than 120 points earlier in the day. It ended the session up by 0.1%, barely above 5600, clawing its way back from a 1.7% drop. That recovery came as Wall Street stared straight into the chaos of President Donald Trump’s tariff threat set to hit later this week. According to data from CNBC, Monday’s sharp reversal followed a brutal morning when the S&P 500 was trading 10% below its record high. Source: CNBC The Dow Jones Industrial Average climbed 289 points, or 0.7%, while the Nasdaq Composite stayed red, dropping 0.7%. These price actions came during a rocky final session for what’s been a losing month and quarter for all three major indexes. Tech tanks while Trump’s tariff threat rattles markets Big tech was what dragged down early trading, as stocks of tech giants continue to perform terribly. Nvidia dropped by 3%, Meta Platforms lost 1%, and Tesla slid by 3% too. AI mania that pumped up tech in 2024 didn’t show up to help.  Nvidia, once the golden child of the AI rally, is now trading more than 30% below its 52-week high. While tech got hammered, the data shows that investors moved some money into names like Coca-Cola and Walmart, pushing those stocks higher. And of course, while all that is happening, the president was telling reporters that his “reciprocal tariffs” would hit all countries, not just a few. Speaking on Monday aboard Air Force One, Trump rejected the idea that the policy would be narrow or limited, and said he plans to announce the full details on Wednesday. Meanwhile, White House press secretary Karoline Leavitt told reporters, “It’s time for reciprocity, and it’s time for a president…

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Filed under: News - @ March 31, 2025 8:19 pm