Traders work on the floor of the New York Stock Exchange on March 26, 2025.
NYSE
The S&P 500 clawed back earlier losses on Monday to end the session higher, as traders nervously looked ahead to President Donald Trump’s tariff plans.
The broad market index added 0.55% to close at 5,611.85. At one point, it fell as much as 1.65% and traded 10% below its record. The Nasdaq Composite fell 0.14% and closed at 17,299.29. The Dow Jones Industrial Average advanced 417.86 points, or 1%, to settle at 42,001.76.
Tech giant Nvidia fell 1.2%, while Tesla dropped 1.7%. Tech stocks have struggled to recapture their meteoric rise from last year that was spurred by rising artificial intelligence sentiment. AI darling Nvidia, for example, is now nearly 30% off of its 52-week high. Investors seeking safety pushed some Dow components like Coca-Cola and Walmart higher.
Trump said Sunday that his plan for “reciprocal tariffs” — expected to be unveiled Wednesday — will target “all countries,” rejecting the notion that the upcoming levies will be narrower and more targeted. In fact, The Wall Street Journal reported the president had in recent days pushed his advisors to get more aggressive when it comes to tariffs.
“We continue to trade with the backdrop of tariff uncertainty and a shroud of secrecy about what may come next,” said Jay Woods, chief global strategist at Freedom Capital Markets. “As a result, investors sell first and wait. It has all the makings of a panic sell-off where a snap back…
