US stocks rebound as gold hits record high
CNN
US stocks rose Tuesday as investors waded into the market after a steep Monday sell-off.
US stocks rose Tuesday as investors waded into the market after a steep Monday sell-off. The Dow surged 1,000 points, or 2.74%. The broader S&P 500 gained 2.7%. The tech-heavy Nasdaq Composite rose 2.87%. Investors have been on edge as uncertainty lingers about trade negotiations and President Donald Trump has ratcheted up his criticism of Federal Reserve Chair Jerome Powell. Yet stocks bounced higher Tuesday during a moment of relative calm. The buying was widespread, with every stock in the 30-company Dow index trading higher and nearly every company in the S&P 500 gaining as of Tuesday morning. The Nasdaq and Dow are looking to snap a four-day losing streak. All three major indexes are on track for their worst month since 2022 and the Dow is on track for its worst April since 1932, according to FactSet data. Stocks are coming off a day sharply in the red as investors assessed Trump’s continued tirade against Powell for not cutting interest rates — a complaint he has levied multiple times. The Federal Reserve’s independence is a hallmark of the central bank and market watchers have been unnerved by the president’s continued verbal assault on the Fed chair.
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