{"id":1807,"date":"2025-03-24T14:21:11","date_gmt":"2025-03-24T14:21:11","guid":{"rendered":"https:\/\/sanggraloka.com\/wall-street-bounces-back-ending-four-week-slump\/"},"modified":"2025-03-24T14:21:11","modified_gmt":"2025-03-24T14:21:11","slug":"wall-street-bounces-back-ending-four-week-slump","status":"publish","type":"post","link":"https:\/\/sanggraloka.com\/en\/wall-street-bounces-back-ending-four-week-slump\/","title":{"rendered":"Wall Street Bounces Back, Ending Four-Week Slump"},"content":{"rendered":"
\n

\n On Monday morning, stocks climbed higher as investors attempted to find their footing amidst an ongoing trade dispute. The S&P 500 surged by 1.1%, marking its first positive week since slipping into a four-week downturn previously. Meanwhile, the Dow Jones Industrial Average increased by 0.7%, and the Nasdaq Composite gained 1.5%. Market watchers continue to keep a close eye on potential effects from new tariffs concerning inflation rates, consumer expenditure patterns, and overall economic expansion. Equities have experienced fluctuating sentiment due to alternating announcements about tariff implementations and cancellations. Additionally, shares of genetics-testing firm 23andMe plummeted following news that they were voluntarily filing for Chapter 11 bankruptcy during the weekend.\n <\/p>\n

\n HERE’S THE UPDATED INFORMATION. THE PREVIOUS REPORT FROM AP FOLLOWS BELOW.\n <\/p>\n

\n Wall Street showed strong gains ahead of the opening bell on Monday, carrying forward the momentum from the previous week.\n <\/p>\n

\n The future contracts for the S&P 500 jumped by 1.1%, those for the Dow Jones Industrial Average increased by 0.9%, and Nasdaq futures rose by 1.4%.\n <\/p>\n

\n While investors focused on company updates, they also kept an eye on new developments regarding U.S. President Donald Trump’s tariffs, events that have caused significant fluctuations in the markets over the past few weeks.\n <\/p>\n

\n A genetics testing firm called 23andMe saw its stock price plummet by about 42% during early morning trades following the announcement at the weekend that it would file for voluntary bankruptcy. The financially troubled company had previously cut its workforce by almost half and declared an end to several active clinical studies as they assessed different options for some of their holdings.\n <\/p>\n

\n The shares of The AZEK Company surged by 20% during pre-market trading on Monday following an announcement that it would be acquired by Australia-based James Hardie Industries through a cash-and-stock transaction worth approximately $8.75 billion.\n <\/p>\n

\n This marks the second significant transaction within the industry in just seven days, following QXO Inc.’s announcement on Thursday of their purchase of Beacon Roofing Supply Inc., which amounts to approximately $11 billion when accounting for debt.\n <\/p>\n

\n Regarding tariffs, reports indicated that President Trump might refine his strategy to concentrate specifically on nations with considerable trade surpluses against the U.S., which encompasses numerous Asian countries.\n <\/p>\n

\n Throughout most of this year, markets have experienced severe turbulence, dramatically fluctuating with every new tariff announcement.\n <\/p>\n

\n A trade conflict between the United States and major trading allies could exacerbate inflation issues and negatively affect both consumers and companies. These entities have been cautioning investors regarding tariffs, rising prices, and increasing ambiguity surrounding cost impacts.\n <\/p>\n

\n Trump has set an April 2 deadline to impose more tariffs on trading partners. It follows a series of other deadlines that have been set for tariffs only to be postponed, sometimes at the last minute.\n <\/p>\n

\n During his meeting with Chinese Premier Li Qiang, business leaders and U.S. Senator Steve Daines\u2014a staunch advocate for then-President Donald Trump\u2014heard a more amiable message from the premier. Notably, Sen. Daines was the initial congressional representative to travel to Beijing after Trump assumed office in January.\n <\/p>\n

\n The relationship between these nations has reached a critical point, Li stated. He emphasized that both parties should opt for dialogue instead of conflict and pursue mutually beneficial collaboration rather than competitive rivalry. Additionally, Li mentioned that China wishes to collaborate with the United States to ensure the consistent and enduring growth of Sino-American ties.\n <\/p>\n

\n The gathering also included heads from multiple U.S. corporations such as FedEx Corp.\u2019s leader Raj Subramaniam, Brendan Nelson who is the senior VP at Boeing Co., Qualcomm\u2019s chief executive Cristiano Amon, along with Pfizer\u2019s head honcho Albert Bourla.\n <\/p>\n

\n Recently, officials from the Trump administration have indicated that the list of impacted nations might not apply universally, and current tariffs\u2014like those imposed on steel\u2014may not automatically stack up,” noted Junrong Yeap from IG in his analysis. He further mentioned, “there is growing hope that Trump\u2019s tariff proposals could turn out to be all talk with little action.\n <\/p>\n

\n Hong Kong’s Hang Seng index advanced by 0.4% to reach 23,787.71, while the Shanghai Composite Index increased by 0.2%, closing at 3,370.03.\n <\/p>\n

\n In Tokyo, the Nikkei 225 dipped slightly by 0.2% to reach 37,608.49 following an initial report indicating that industrial production declined at its quickest rate over twelve months, with new orders decreasing even faster.\n <\/p>\n

\n The S&P\/ASX 200 index in Australia rose by 1%, finishing at 7,936.90, whereas South Korea\u2019s Kospi declined by 0.4% to end at 2,632.07.\n <\/p>\n

\n During midday in Europe, most of the major stock markets showed gains. The UK\u2019s FTSE 100 increased marginally by under 0.1%, whereas France\u2019s CAC 40 climbed by 0.5%.\n <\/p>\n

\n Germany’s DAX rose 0.6% following the nation\u2019s private sector business activities reaching a ten-month peak, despite a lesser-than-anticipated decline in manufacturing.\n <\/p>\n<\/div>\n

Provided by Syndigate Media Inc. (
\nSyndigate.info
\n).<\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday morning, stocks climbed higher as investors attempted to find their footing amidst an ongoing trade dispute. The S&P 500 surged by 1.1%, marking its first positive week since slipping into a four-week downturn previously. Meanwhile, the Dow Jones Industrial Average increased by 0.7%, and the Nasdaq Composite gained 1.5%. Market watchers continue to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[283,380,742,265,754],"tags":[],"class_list":["post-1807","post","type-post","status-publish","format-standard","hentry","category-business","category-investing-market-news","category-investing-news","category-news","category-stocks"],"jetpack_publicize_connections":[],"jetpack-related-posts":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/posts\/1807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/comments?post=1807"}],"version-history":[{"count":0,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/posts\/1807\/revisions"}],"wp:attachment":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/media?parent=1807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/categories?post=1807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/tags?post=1807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}