Wall Street Rallies and U.S. Stocks Recover Much of Friday's Wipeout
3 days ago
U.S. stocks are rallying to recover more than two thirds of their sharp loss from Friday's wipeout. The S&P 500 rose 1.1% Monday. The Dow Jones Industrial Average jumped 426 points, and the Nasdaq composite climbed 1.5%. Gains for Tyson Foods and other companies following profit reports that topped analysts' expectations helped offset a drop for Berkshire Hathaway. This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market. That raised worries that President Donald Trump’s tariffs may be punishing the economy.