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+--- Thread: Stocks rebound after S&P 500 correction (/thread-48803.html)
Stocks rebound after S&P 500 correction - chairman - 03-15-2025
Dow Jones Industrial Average (.DJI), opens new tab closed up 674.62 points, or 1.65%, at 41,488.19 while the S&P 500 (.SPX)
, opens new tab rose 117.42 points, or 2.13%, to 5,638.94 for its biggest one-day percentage gain since Nov. 6, the day after the U.S. election.
The benchmark S&P index had finished Thursday more than 10% below its February record close after U.S. President Donald Trump threatened to impose a 200% tariff on European wine and spirit imports, the latest trade war escalation after Europe retaliated against U.S. tariffs on steel and aluminium.
Last week the Nasdaq (.IXIC)
, opens new tab confirmed it was in a correction, driven lower by tariff and growth uncertainties as well as high valuations for megacap tech stocks. The Nasdaq Composite (.IXIC), opens new tab ended up 451.07 points, or 2.61% at 17,754.09 on Friday, for its biggest daily gain since November 6.