{"id":49088,"date":"2025-03-24T21:28:55","date_gmt":"2025-03-24T21:28:55","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/"},"modified":"2025-03-24T21:28:55","modified_gmt":"2025-03-24T21:28:55","slug":"market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/","title":{"rendered":"Market Recap: Stocks Surge on Hopes of Softer Tariffs, Tech Leads Rally"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/#Major_Indexes_Close_Sharply_Higher\" >Major Indexes Close Sharply Higher<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/#Tariff_Concerns_Ease_Boosting_Market_Sentiment\" >Tariff Concerns Ease, Boosting Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/#Tech_Stocks_Lead_the_Rally\" >Tech Stocks Lead the Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/#Notable_Stock_Movements\" >Notable Stock Movements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/#Economic_Data_and_Upcoming_Events\" >Economic Data and Upcoming Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-surge-on-hopes-of-softer-tariffs-tech-leads-rally\/49088\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Close_Sharply_Higher\"><\/span>Major Indexes Close Sharply Higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Wall Street kicked off the week with a robust rally on Monday, March 24, 2025, as investors reacted positively to reports suggesting that the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration might implement a more targeted approach to its planned reciprocal tariffs. The major stock indexes posted significant gains, with technology stocks leading the charge.<\/p>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> surged 100.01 points, or 1.8%, to close at 5,767.57.<cscitation citation_id=\"task_3__2\"><\/cscitation> The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average climbed 597.97 points, or 1.4%, finishing at 42,583.32, while the tech-heavy Nasdaq Composite rose an impressive 404.54 points, or 2.3%, to end the session at 18,188.59.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tariff_Concerns_Ease_Boosting_Market_Sentiment\"><\/span>Tariff Concerns Ease, Boosting Market Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s upward momentum was primarily driven by reports from The Wall Street Journal and Bloomberg News, indicating that the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration&#8217;s April 2 reciprocal tariffs might be narrower in scope than initially anticipated. These reports suggested that some industry-specific duties could be excluded, and certain nations might be exempt from the tariffs altogether.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>Tobin Marcus of Wolfe Research commented, &#8220;Omitting the sectoral tariffs from the April 2nd package significantly reduces both its aggregate scale and the maximum rate on targeted sectors, given that all of Trump&#8217;s tariffs to date have been designed to stack.&#8221;<cscitation citation_id=\"task_3__1\"><\/cscitation> This news provided a much-needed boost to investor confidence, which had been wavering due to concerns about potential economic slowdown.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Stocks_Lead_the_Rally\"><\/span>Tech Stocks Lead the Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology stocks were at the forefront of Monday&#8217;s rally, with several big names posting substantial gains:<\/p>\n<p>1. Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>): Up more than 7%, breaking a nine-week losing streak<cscitation citation_id=\"task_3__1\"><\/cscitation><br \/>2. Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>): Climbed about 4%<cscitation citation_id=\"task_3__1\"><\/cscitation><br \/>3. Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>): Rose nearly 2%<cscitation citation_id=\"task_3__1\"><\/cscitation><br \/>4. Advanced Micro Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>): Gained roughly 2.7% in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>Other tech giants such as Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>), Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>), and Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>) also saw their shares rise during the session.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movements\"><\/span>Notable Stock Movements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several other stocks made significant moves on Monday:<\/p>\n<p>&#8211; Pinterest (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PINS\">PINS<\/a>): Added nearly 5% following an upgrade to buy from neutral at Guggenheim<cscitation citation_id=\"task_3__1\"><\/cscitation><br \/>&#8211; ViaSat (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VSAT\">VSAT<\/a>): Gained 4% after Deutsche Bank upgraded the satellite stock to a buy rating from hold<cscitation citation_id=\"task_3__1\"><\/cscitation><br \/>&#8211; AZEK (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AZEK\">AZEK<\/a>): Soared 23% after cement manufacturer James Hardie Industries announced plans to acquire the outdoor products manufacturer in a cash and stock deal totaling around $9 billion<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_and_Upcoming_Events\"><\/span>Economic Data and Upcoming Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are now turning their attention to a busy week of economic data releases. The S&#038;P Global flash services index for March came in stronger than expected at 54.3, up from 51 in February and beating the Dow Jones consensus estimate of 51.5.<cscitation citation_id=\"task_3__1\"><\/cscitation> However, the manufacturing index underperformed, with a reading of 49.8, down from 52.7 in February and below the estimated 51.5.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p><b>Key economic events to watch this week include:<\/b><\/p>\n<p>1. Case-Shiller Home Price Index (Tuesday)<br \/>2. Consumer Confidence report (Tuesday)<br \/>3. New Home Sales data (Tuesday)<br \/>4. Personal Income and Outlays report, including the Fed&#8217;s preferred inflation gauge &#8211; core PCE (Friday)<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While Monday&#8217;s rally provided a welcome respite for investors, market participants remain cautious about the potential impact of tariffs on inflation, consumer spending, and economic growth. The upcoming economic data releases will be closely watched for signs of how the U.S. economy is faring amidst these trade tensions.<\/p>\n<p>As the April 2 deadline for reciprocal tariffs approaches, investors will likely continue to monitor developments in trade policy and their potential effects on various sectors of the economy. The market&#8217;s reaction to these events will be crucial in determining the short-term direction of stocks in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Close Sharply Higher Wall Street kicked off the week with a robust rally on Monday, March 24, 2025, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[4146,4,225,326,391,633,1031,3741,3768,3863],"class_list":["post-49088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-azek","tag-tsla","tag-aapl","tag-amd","tag-amzn","tag-nvda","tag-vsat","tag-meta","tag-googl","tag-pins"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=49088"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=49088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=49088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=49088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}