{"id":130330,"date":"2025-03-17T23:15:33","date_gmt":"2025-03-17T23:15:33","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-climbs-following-weeks-of-scary-swings-abc-news\/"},"modified":"2025-03-17T23:15:33","modified_gmt":"2025-03-17T23:15:33","slug":"stock-market-today-wall-street-climbs-following-weeks-of-scary-swings-abc-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-climbs-following-weeks-of-scary-swings-abc-news\/","title":{"rendered":"Stock market today: Wall Street climbs following weeks of scary swings – ABC News"},"content":{"rendered":"

U.S. stocks are climbing following weeks of punishing, sharp swings<\/span>
NEW YORK — <\/span>U.S. stocks are climbing Monday following weeks of punishing, sharp swings<\/a>. The stready trading may be short-lived, though, with a decision by the Federal Reserve<\/a> on interest rates coming later in the week and worries continuing about President Donald Trump\u2019s trade war<\/a>.
The S&P 500 was 1% higher in afternoon trading, coming off its fourth straight losing week. The Dow Jones Industrial Average was up 483 points, or 1.1%, as of 2:34 p.m. Eastern time, and the Nasdaq composite was 0.8% higher.
Stocks have been tumbling<\/a> recently on worries that Trump\u2019s rat<\/a> -a- tat<\/a> announcements on tariffs and other policies are creating so much uncertainty that they'll push U.S. households and businesses to freeze their spending, which would hurt the economy<\/a>. Surveys have shown sharp drops in confidence<\/a>, and some companies<\/a> are already warning about changes in behavior from their customers.
A report on Monday said U.S. retailers broadly saw weaker revenue<\/a> last month than economists expected, but it may not have been quite as bad as it seemed on the surface.
Much of the shortfall in growth versus expectations was due to weaker-than-forecast sales of automobiles and lower fuel costs. Outside of them, the performance was closer to expectations.
Treasury yields initially rose immediately following the report\u2019s release. That\u2019s often an indication of firming confidence among bond investors about the strength of the U.S. economy. But yields quickly yo-yoed afterward.
\u201cIn our view, this morning\u2019s February retail sales report offers evidence of a limited, modest economic slowdown, rather than signaling a gathering recession,\u201d said Jennifer Timmerman, investment strategy analyst at Wells Fargo Investment Institute.
It\u2019s a sharp turnaround for investors to talk about a possible recession after the U.S. economy closed last year running at a solid rate<\/a>. Excitement at the time was also building about policies coming from Trump to accelerate growth. To be sure, hiring still remains relatively healthy<\/a>, and that could help keep the economy growing. But the talk about recession by itself could sap confidence.
That\u2019s the precarious stage onto which Federal Reserve Chair Jerome Powell will step Wednesday, when he announces the Fed\u2019s latest decision on interest rates.
Virtually no one expects the Fed to make a move Wednesday. The central bank has been keeping rates steady so far this year, preferring to see how conditions play out. Earlier, heading into the end of last year, it had been cutting rates sharply in hopes of relaxing pressure on the U.S. economy after high inflation had slowed.
Wall Street's focus will be on what Powell says about the rest of the year. Expectations are still high the Fed may cut its main interest rate at least two or three times in 2025. The risk of cutting interest rates too quickly or aggressively is that it could push up inflation. But keeping rates too high for too long could also create unnecessary pain for the economy by slowing borrowing and overall activity.
On Wall Street, Intel climbed 7.5% to extend its gains after the chip company named former board member and semiconductor industry veteran Lip-Bu Tan as its CEO<\/a> last wek.
PepsiCo added 2% after saying it agreed to buy Poppi<\/a>, a soda made with added fiber, for a net $1.65 billion.
They helped offset a 4.3% drop for Tesla. The electric-vehicle company's stock has been struggling this year amid worries that its brand has become too intertwined with Elon Musk<\/a>, who has been leading efforts to cut spending by the U.S. government. Tesla vehicles and dealerships have become targets<\/a> of people unhappy with Trump and his policies.
In the bond market, Treasury yields were mixed. The yield on the 10-year Treasury went from 4.28% shortly before the release of the retail sales report to nearly 4.33% immediately afterward. It then pulled back to 4.30%, down slightly from its 4.31% level late Friday.
In stock markets abroad, indexes rose across much of Europe and Asia.
Chinese markets<\/a> rose after the government reported stronger than expected factory data. Later Monday, officials briefed reporters about Beijing\u2019s efforts to get consumers to spend more<\/a>, seen as key to getting the economy out of its doldrums.
Stocks rose 0.8% in Hong Kong and 0.2% in Shanghai.
___
AP Business Writers Matt Ott and Elaine Kurtenbach contributed to this report.
24\/7 coverage of breaking news and live events<\/p>\n

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U.S. stocks are climbing following weeks of punishing, sharp swingsNEW YORK — U.S. stocks are climbing Monday following weeks of punishing, sharp swings. The stready trading may be short-lived, though, with a decision by the Federal Reserve on interest rates coming later in the week and worries continuing about President Donald Trump\u2019s trade war.The S&P […]<\/p>\n","protected":false},"author":1,"featured_media":130331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-130330","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/130330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=130330"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/130330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/130331"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=130330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=130330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=130330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}