US Stocks Rebound Monday Amid Tariff Concerns
US stocks rebounded on Monday, despite ongoing tariff threats from President Trump. The Dow Jones Industrial Average gained nearly 0.4%, the S&P 500 added roughly 0.6%, and the Nasdaq Composite popped nearly 1%.
Tariff Threats Brushed Off
Investors shrugged off Trump's latest tariff announcements, including proposed 25% levies on steel and aluminum imports. The move sparked gains in steel and aluminum stocks, such as Cleveland-Cliffs, Nucor, and US Steel.
Tech and Energy Outperform
Tech and energy stocks led the gains, with AI giant Nvidia surging 3%. Energy stocks benefited from a rebound in oil prices.
Inflation Concerns
The rise in commodity and inflation expectations raised concerns among investors. The New York Fed's survey showed consumers see long-term inflation expectations ticking higher to 3%.
Corporate News
McDonald's shares rose after reporting strong same-store sales growth. Monday.com jumped after posting strong quarterly earnings. Super Micro Computer soared ahead of an upcoming business update.
Musk Suggests Fed Scrutiny
Elon Musk called for closer scrutiny of the Federal Reserve, ahead of Fed Chair Jerome Powell's testimony before Congress.
The Magnificent 7 Falters
The "Magnificent Seven" tech giants, including Meta, Amazon, and Nvidia, have underperformed in 2025. Only Meta has recorded double-digit gains.
Rivian Opens Commercial Van Orders
Rivian announced it is opening up orders for its commercial van beyond its initial launch partners, potentially creating a lucrative business.
Trump's Trade Moves
Trump is expected to announce retaliatory tariffs this week, following tariff threats from US trade partners. Apollo Global Management's chief economist warned of a potential "stagflationary shock" from a full-on trade war.
Gold Surges
Gold rallied past $2,900 per ounce amid tariff concerns, as investors sought safe-haven assets.