The US stock market bounced back on Monday despite concerns over potential trade tariffs. The S&P 500 index rose 0.55% to reach 5,611.51, while the Dow Jones also recovered from early losses. Treasury yields stayed lower, and gold prices surged, reaching $3,123.92 an ounce for the first time.
Investors had been spooked by US President Donald Trump’s promised April 2 tariff announcements, leading to a risk-off mood across global markets. Asian and European shares initially fell, but safe-haven assets like Treasuries saw increased demand.
Despite this, Wall Street began to recover as investors adjusted for month-end and quarter-end effects, which contributed to the market’s volatility. Analysts at Goldman Sachs now see a 35% chance of a US recession this year, further fueling concerns about the impact of trade tensions on growth.
The week ahead will bring several key economic data releases, including Japan’s February unemployment figures and the Reserve Bank of Australia’s monetary policy meeting.
Source: https://www.reuters.com/markets/global-markets-trading-day-2025-03-31