Wall St ends sharply higher as selloff prompts dip-buying rally

A broad rally boosted all three major U.S. stock indexes to solid gains, with recently battered tech-related megacaps enjoying a comeback. Every one of the so-called Magnificent 7 artificial intelligence-related momentum stocks advanced, although six of them remain down on the year.
The S&P 500 and Nasdaq logged their biggest one-day percentage gains since
Chips were outperformers, rising 3.3%, while the FANG group of tech-adjacent momentum stocks advanced 3.2%.
"I don't see a catalyst that would spark this huge upside we're seeing in markets," said
"We're obviously down 10% from all-time highs and pretty oversold, which sets good conditions for a rally even if the fundamental problems are not solved."
Even with Friday's bounce, the S&P 500 and the Nasdaq notched their fourth straight weekly losses. The Dow also posted a Friday-to-Friday dip.
Encouraging inflation data on Wednesday and Thursday was overshadowed this week by mounting uncertainties arising from Trump's frequently shifting policies, including tariff threats against the biggest U.S. trading partners.
Those uncertainties sent investors fleeing from equities in favor of safe-haven assets, lifting gold prices above the
"The market doesn't like the tariff stuff, the added uncertainty that keeps them from planning and making decisions," said
"Trump is ... wreaking havoc, with his advisors talking about detox, about how maybe a recession is coming, maybe not. It's unsettling, indecisive, it's bad for the economy and bad for the stock market."
Those anxieties were laid bare by a dire report from the
The report echoes other recent downbeat survey data, including a Reuters/Ipsos poll of Americans conducted
The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to 41,488.19. The S&P 500 advanced 117.42 points, or 2.13%, to 5,638.94 and the Nasdaq Composite gained 451.07 points, or 2.61%, at 17,754.09.
All 11 major sectors of the S&P 500 ended higher, with technology shares enjoying the largest percentage gain, rising 3.0%.
Tesla rose 3.9% following a report on the electric vehicle maker's plans to make a lower-cost version of its best-selling Model Y in
Advancing issues outnumbered decliners by a 4.42-to-1 ratio on the
On the Nasdaq, 3,281 stocks rose and 1,114 fell as advancing issues outnumbered decliners by a 2.95-to-1 ratio.
The S&P 500 posted one new 52-week high and five new lows while the Nasdaq Composite recorded 34 new highs and 161 new lows.
Volume on U.S. exchanges was 14.64 billion shares, compared with the 16.56 billion average for the full session over the last 20 trading days.
(Reporting by
(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Related News

-
OpenAI and Musk agree to fast tracked trial over for-profit shift
Reuters - 2:04 AM ET 3/15/2025
-
US consumer sentiment plunges on tariff fears, inflation expectations jump
Reuters - 3:01 PM ET 3/14/2025
-
With uncertainty comes growing economic risk for the Fed to weigh
Reuters - 6:11 AM ET 3/14/2025
-
Trump-driven turbulence draws new investors into gold
Reuters - 2:21 PM ET 3/14/2025
-
Boeing lost trust of Americans, needs strict oversight, US official says
Reuters - 6:35 PM ET 3/14/2025
-
Major air carriers challenge ruling on Biden airline fee rules
Reuters - 6:25 PM ET 3/14/2025
-
Intel's new CEO to receive $1 million as base salary
Reuters - 6:43 PM ET 3/14/2025