US Stock Rise for 2nd Day
Stocks on Wall Street started the week on an upbeat note, extending rebound from a recent correction as the S&P 500 gained 0.6%, the Dow Jones added 353 points, and the Nasdaq 100 advanced 0.5%.
Softer-than-expected retail sales data, which showed a modest 0.2% rise in February, fueled speculation that the Fed could lean toward rate cuts later this year. Despite the broader market rally, major tech stocks lagged, with Tesla tumbling 4.8% and Nvidia slipping 1.7% as investors reevaluated their lofty valuations amid ongoing economic uncertainty.
Treasury Secretary Bessent sought to reassure markets, characterizing corrections as “healthy” while acknowledging that recession risks remain. Market participants are now turning their attention to the Fed’s upcoming policy meeting, looking for signals on how Trump’s evolving trade policies may shape future economic decisions.
Meanwhile, Berkshire Hathaway climbed over 1.5% to a record high, underscoring its reputation as a reliable investment.
Source: Trading Economics
