Stock indexes rose on news of targeted trade policies, easing global trade fears.

From Nasdaq: 2025-03-24 18:40:00

Stock indexes, including the S&P 500, Dow Jones, and Nasdaq 100, closed higher on Monday, reaching 2-week highs. President Trump’s announcement of more targeted reciprocal tariffs eased market fears about global trade impact. Atlanta Fed President’s hawkish comments on interest rates were bearish for stocks and bonds.

M&A activity, strong earnings reports, and mixed economic data influenced Monday’s market. The Magnificent Seven stocks and chip stocks rallied, while interest rates rose. Overseas markets settled mixed, and geopolitical tensions in the Middle East added pressure. Attention shifts to upcoming economic reports and ECB rate decisions.

Cryptocurrency stocks surged, led by Bitcoin’s rise. Companies like Tesla, Amazon, and Nvidia posted gains. Coherent Corp, Viasat Inc., and FedEx also saw significant increases. However, defensive stocks like Hormel Foods and Brown-Forman faced pressure. Lockheed Martin and Super Micro Computer declined.

Earnings reports from companies like Core & Main Inc, Crown Holdings, and GameStop Corp are expected. ECB’s potential interest rate cut and ongoing geopolitical risks may impact markets. Stay updated with the latest news and trends for informed investing decisions.



Read more at Nasdaq: Stocks Soar on Signs US Trade Policies Will be More Targeted