Dow gains over 650 points in relief bounce but still faces worst weekly loss since 2023 amid ongoing tariff uncertainties.
In Short
Stocks rebounded on Friday, with the Dow gaining 674.62 points, and the S&P 500 and Nasdaq experiencing their best day of 2025. Despite this, all major indices faced weekly losses due to ongoing trade policy concerns and declining consumer confidence.
Stocks rallied on Friday, reversing some losses from earlier in the week.
The Dow Jones Industrial Average gained 674.62 points, or 1.65%, closing at 41,488.19.
The S&P 500 climbed 2.13% to finish at 5,638.94, while the Nasdaq Composite rose 2.61% to settle at 17,754.09. This marked the best day for the S&P 500 and Nasdaq in 2025.
Big tech companies rebounded sharply, with Nvidia up over 5%, Tesla rising nearly 4%, and Meta Platforms gaining close to 3%.
Amazon and Apple also saw increases.
The market bounce was attributed to a lack of new tariff-related news from the White House, alleviating some investor concerns.
Following a drop on Thursday, the S&P 500 entered correction territory, having fallen more than 10% from its recent peak.
The Nasdaq slid deeper into correction, while the small-cap Russell 2000 neared a bear market. Uncertainty stemming from President Trump’s trade policies has contributed to heightened market volatility.
Despite Friday’s gains, the three major indices experienced weekly losses, with the Dow down about 3.1%—the worst week since March 2023. S&P 500 and Nasdaq both fell over 2% for their fourth straight weekly decline.
Consumer confidence also declined amid ongoing tariff concerns, with sentiment dropping to 57.9 in March.
Investors await an upcoming Federal Reserve policy meeting, where a majority expect interest rates to remain unchanged.
