S&P 500 and Nasdaq Rebound About 1% After Tariff-Fueled Slump

U.S. stocks opened higher on Monday, recovering some of the ground lost in last Friday’s tariff- and labor-data-driven selloff. The S&P 500 rose 0.7% at the bell to 6,279.65 and soon extended that advance to 1%. The Nasdaq Composite gained 1% at 20,852.92, while the tech-heavy Nasdaq 100 climbed 1.5% in early trading. The Dow Jones Industrial Average added about 214 points, or 0.5%, to 43,802.47. Investors appeared to be bargain-hunting after a sharp retreat at the end of last week, when concerns over the new 145% U.S. tariff on Chinese goods and a stronger-than-expected July payrolls report had rattled risk appetite. With no major economic releases scheduled for the day, traders focused on corporate earnings due later in the week and monitored whether the market could sustain its rebound.