8 hours Ago
Stock futures rose on Monday evening after the extended its losses for a third day following President Donald Trump's tariffs announcement. were 0.8% higher, while gained 1%.
jumped 423 points, or 1.1%. The moves come after yet another volatile trading day on Wall Street, which saw the highest trading volume in at least 18 years at roughly 29 billion shares: At one point in Monday's session, stocks saw a sharp rise into the green after speculation on social media of a tariff pause.
The White House later told CNBC, however, that any chatter of a 90-day tariff reprieve was " ," leading the indexes to pull back. Treasury Secretary Scott Bessent suggested in an interview with Fox News Monday that tariff negotiations with other countries . He said that "maybe almost 70" countries, including Japan, have contacted the White House regarding negotiating tariffs.
Meanwhile, the benchmark climbed above the 4% level. That's despite Trump's tariffs exacerbating fears of a possible recession hitting the U.S.
economy. "It appears that the storm is easing, perhaps helped by the fake story of the easing of the tariffs," said Louis Navellier, founder and chief investment officer of Navellier & Associates. "The rising Treasury yields are a strong indication that recession fears had become overblown, and perhaps the expectation that the Fed will not be making any emergency cuts.
It also may be that Trump's strategy will not turn out to be as destructive as the bears insist they are." Nevertheless, the S&P 500 has lost more than 10% over the past three trading sessions. The – known as Wall Street's so-called fear gauge – spiked to about 60 on Monday.
On the economic data front Tuesday, the National Federation of Independent Business will issue its small business index reading for March. Later this week, the consumer price index report is due. shares are up more than 1% in extended trading after reporting a fiscal first-quarter earnings beat and reiterating its .
The catch is the forecast excludes any impacts from the Trump administration's . Telsey Advisory Group CEO Dana Telsey told CNBC's that Levi's management is giving themselve some "wiggle room" by not raising their earnings estimates after its latest beat. However, she expects the tariffs are going to put pressure on retailers.
"The diversification of sourcing that they talked about is certainly critical, but prices are going up," Telsey said. Telsey said investors should stick with companies that have U.S.
manufacturing like , are known for value or sell products like groceries that you can't live without. She named and as examples. Market participants traded about 29 billion shares on Monday, resulting in the highest volume day in at least 18 years, according to FactSet and .
It was a rocky day for stocks, with the S&P 500 briefly touching bear market territory and the Dow Jones Industrial Average seeing a swing of 2,595 points from its low to the high of the session. Monday's volume surpassed Friday's volume of 26.77 billion shares, as well as the 10-day average volume of 16.
94 billion shares. — Some stocks are making big moves in extended trading: Read the full list . Stock futures opened higher on Monday evening after another volatile session on Wall Street.
Futures tied to the S&P 500, along with Nasdaq-100 futures, gained 0.6%. Futures linked to the Dow Jones Industrial Average jumped 321 points, or 0.
8%..
