It was a wild day on Wall Street, with the market rebounding from an ugly opening — thanks in large part to a bogus rumor that President Trump was considering a 90-day pause on his new tariff plan — before two of the three major indexes ultimately closed lower. And several major media and tech stocks, following a brutal end to last week, posted modest gains on Monday.
The S&P 500 declined 0.23% and the Dow Jones dropped 0.91% on Monday, which was relatively positive compared to how the market performed last week. The tech-heavy Nasdaq, meanwhile, closed the day up 0.10%.