Stock market today: Wall Street gains ground after shaking off four-week losing streak
By DAMIAN J. TROISE, Associated Press Business Writer
NEW YORK (AP) — Stocks rose in morning trading Monday as Wall Street tries to navigate through the uncertainty of a trade war.
The S&P 500 jumped 1.4%. It is coming off its first winning week after a four-week losing streak.
The Dow Jones Industrial Average rose 505 points, or 1.2%, as of 10:11 a.m. Eastern. The Nasdaq composite rose 1.7%.
Wall Street remains focused on how tariffs could eventually impact inflation, consumer spending and economic growth. Stocks have been riding waves of hope and worry as tariffs are announced, then either implemented or pulled. A new round of tariffs scheduled to be implemented on April 2 could also be softened or postponed rather than take effect.
Gains on Monday were broad. More than 85% of stocks within the S&P 500 rose. Every sector within the index notched gains.
Technology stocks led the way. The sector has been the driving force behind much of the broader markets movement, whether up or down. The stocks are among the most valuable on Wall Street and tend to have an outsized impact on the broader market’s direction.