The S&P 500 staged a 2.1% rebound, its largest gain since the November election, despite lingering concerns from Donald Trump’s recent political maneuvering. A massive defense spending package agreed upon by German leaders led to a surge in bond yields and a decline in consumer confidence data.
Meanwhile, gold prices broke through $3,000 for the first time as investors sought safe-haven assets amid market volatility. The US equity benchmark had plummeted 10% from its peak before the rebound. Treasuries and German bonds also followed suit, sliding lower after their recent gains.
Source: https://www.bloomberg.com/news/articles/2025-03-13/stock-market-today-dow-s-p-live-updates