The US stock market rises after recent decline
The US stock indices started the week with gains after a correction driven by investor concerns. Experts are analyzing the impact of trade policies.
Photo: David Vives, Unsplash
On Monday, March 18, US stock indices showed growth after a series of declines driven by concerns over the trade policies of Donald Trump's administration. This was reported by Interfax-Ukraine.
As of 4:15 PM New York time, the Dow Jones index gained 162.81 points (+0.39%), the S&P 500 increased by 26.79 points (+0.48%), and the Nasdaq Composite rose by 40.2 points (+0.23%).
Last week, the S&P 500 index dropped 10% below its February peak, indicating a technical correction. Investors are worried about the potential consequences of government spending cuts and trade restrictions.
US Treasury Secretary Scott Bessent attempted to reassure the market in a Sunday interview with NBC News, stating that he does not see serious threats to the economy.
According to him, the decline in indices is a natural correction, and in the long term, the market will remain stable with the right economic policies.
Meanwhile, the Organization for Economic Cooperation and Development (OECD) lowered its forecast for US GDP growth in 2025 to 2.2% and in 2026 to 1.6%, citing the negative impact of trade wars on the global economy.
Among the top gainers in the stock market were Nike (+2.3%), IBM (+1.9%), and Travelers (+1.7%). Intel rose by 5.1% due to restructuring plans announced by its new CEO, Lip-Bu Tan.
At the same time, Tesla shares fell by 3.5% following a revised forecast by Mizuho.
Investors are now awaiting the Federal Reserve’s decision, with its meeting scheduled for March 18–19. The regulator is expected to provide guidance on future monetary policy amid market volatility.
Earlier, the Swiss bank UBS updated its gold price forecast, predicting an increase to $3,200 per ounce due to growing demand for safe-haven assets.