Dow rebounds nearly 600 points and wipes out Friday’s loss, S&P 500 ends four-day losing run

Stocks jumped Monday as investors clawed back the steep losses seen in the previous session that were sparked by concerns over the U.S. economy and a new round of tariffs from the Trump administration.

The Dow Jones Industrial Average soared 585.06 points, or 1.34%, to close at 44,173.64 and wipe out Friday’s big sell off. The S&P 500 advanced 1.47% to end at 6,329.94, snapping a four-day losing run and posting its best session since May. The Nasdaq Composite surged 1.95% to settle at 21,053.58.

“Today is sort of a bounce-back day,” said Sam Stovall, chief investment strategist at CFRA Research. “Stocks tend to pop after a drop, so that’s what’s happening.”

“We have to wait and see what happens tomorrow, because there could be a possibility that investors think, ‘You know what, we really need to take some money off the table to digest some of these gains,’” he added.

Stocks sold off on Friday after a weaker-than-expected jobs report that featured heavy revisions to May and June employment figures. Soon after the release, President Donald Trump fired the head of the Bureau of Labor Statistics. Trump on later said he’d be naming a new BLS commissioner in the coming days.

Jitters about Trump’s new modified tariff rates further rattled markets. Trump signed an executive order late last week that updated his “reciprocal” tariffs on dozens of U.S. trading partners, ranging from Syria to Taiwan, with updated duties ranging from 10% to 41%.

With little on the economic data front this week, investors will be eyeing any trade developments between the U.S. and China after senior officials from both countries met in Stockholm, Sweden, last week. Treasury Secretary Scott Bessent told CNBC Thursday that “we have the makings of a deal.”