The Dow, Up 900 Points, Is on Track to Exit Correction

The Dow, Up 900 Points, Is on Track to Exit Correction

Stocks surged steadily on Monday after Wall Street got what it wanted on the tariff front.

The Dow Jones Industrial Average was up 909 points, or 2.2%, in early afternoon trading. The S&P 500 was up 2.6%. The Nasdaq Composite rallied 3.6%.

The major indexes jumped back above their 200-day moving averages. The Dow was on track to close more than 10% from its April 8 closing low, which would mark an exit from its technical correction. The Nasdaq is more than 20% above its April 8 close, which would put the index in a new bull market.