On Monday, March 24th, U.S. markets closed higher. The S&P 500 rallied to a multi-week high, driven by gains in tech stocks like Nvidia and Tesla amid hopes for a softer stance on tariffs from the Trump administration. While investors welcomed the rebound, concerns remain over the broader impact of tariffs on growth and profits as companies continue to lower their earnings forecasts.

According to economic data, the Chicago Fed index rose to 0.18 in February from -0.08 in January. The Services PMI increased to 54.3 in March from 51 in February, while the Manufacturing PMI fell to 49.8 from 52.7.

Most S&P 500 sectors rose Monday, led by consumer discretionary on Tesla’s gains and advances in communication services and industrials. Utilities were the only sector to edge lower.

The Dow Jones Industrial Average gained 1.42% to 42,583.32, the S&P 500 up 1.76% to 5,767.57, and the Nasdaq Composite rose 2.27% to 18,188.59.

Asia Markets Today

Eurozone at 05:45 AM ET

• The European STOXX 50 was up 0.66%.
• Germany’s DAX gained 0.53%.
• France’s CAC rose 0.76%.
• U.K.’s FTSE 100 index traded higher by 0.42%.
• European stocks inched higher as investors weighed mixed signals on U.S. tariffs. Optimism over limited trade measures was tempered by new tariff threats.

Commodities at 05:45 AM ET

U.S. Futures at 05:45 AM ET

Dow futures were down 0.10%, S&P 500 futures declined 0.11% and Nasdaq 100 futures slid 0.23%.

Forex at 05:45 AM ET

• The U.S. Dollar Index slid 0.05% to 104.27, USD/JPY was down 0.07% to 150.55, and USD/AUD declined 0.19% to 1.5878.
• The dollar climbed to a near three-week high, supported by strong U.S. services data and hopes for more targeted tariffs.

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