Dow rallies 450 points, clawing back nearly all of Friday's weak jobs report rout: Live updates
Traders works on the floor of the New York Stock Exchange (NYSE) during morning trading on August 4, 2025, in New York City.
Angela Weiss | Afp | Getty Images
Stocks jumped Monday as investors clawed back the steep losses seen in the previous session that were sparked by concerns over the U.S. economy and a new round of tariffs from the Trump administration.
The Dow Jones Industrial Average soared 480 points, or 1.1%. The S&P 500 moved up 1.3%, and the Nasdaq Composite surged 1.8%.
“Today is sort of a bounce-back day,” said Sam Stovall, chief investment strategist at CFRA Research. “Stocks tend to pop after a drop, so that’s what’s happening.”
“We have to wait and see what happens tomorrow, because there could be a possibility that investors think, ‘You know what, we really need to take some money off the table to digest some of these gains,'” he added.
Stocks sold off on Friday after a weaker-than-expected jobs report that featured heavy revisions to May and June employment figures. Soon after the release, President Donald Trump fired the head of the Bureau of Labor Statistics. Trump on later said he’d be naming a new BLS commissioner in the coming days.
Jitters about Trump’s new modified tariff rates further rattled markets. Trump signed an executive order late last week that updated his “reciprocal” tariffs on dozens of U.S. trading partners, ranging from Syria to Taiwan, with updated duties ranging from 10% to 41%.
With little on the economic data front this week, investors will be eyeing any trade developments between the U.S. and China after senior officials from both countries met in Stockholm, Sweden, last week. Treasury Secretary Scott Bessent told CNBC Thursday that “we have the makings of a deal.”
Investors are also looking ahead to new earnings releases for this week. Palantir is set to post results after the close Monday, and AMD is slated to report Tuesday.
The market is bracing for a historically weak month. August is the worst month for the Dow Jones Industrial Average in data going back to 1988, and the second worst for the S&P 500 and Nasdaq Composite, according to the Stock Trader’s Almanac.
