Dow Jones: Blue Chips Rebound Today as Nvidia, Microsoft Rally Despite Jobs Concerns

Dow Soars Over 450 Points as Traders Buy the Dip After Jobs Miss

The Dow Jones Industrial Average surged 467 points on Monday, up 1.1%, rebounding from last week’s sharp selloff following a weaker-than-expected jobs report and fresh tariff concerns. The S&P 500 climbed 1.3%, and the Nasdaq Composite rose 1.8% as investors rotated back into equities, particularly tech and industrial names.

The recovery follows Friday’s rout, triggered by disappointing labor data that included significant downward revisions to prior months and the unexpected firing of the Bureau of Labor Statistics chief by President Trump.

Additional investor concern came from new U.S. tariff adjustments on countries like Syria and Taiwan, with duties now ranging from 10% to 41%. Despite these headwinds, traders saw value opportunities in blue chips and rotated capital accordingly.

Which Dow stocks led the charge higher?

Nvidia gained 3.3% to lead the Dow’s top performers, followed by Microsoft, up 2.5%, and Goldman Sachs, which rose over 2%. Industrials and consumer stocks also participated, with 3M up 2.1%, Home Depot advancing 1.9%, and Disney gaining 1.8%. Financials broadly rebounded, including JPMorgan (+1.3%) and Travelers (+1.5%), after steep losses last week.

Conversely, defensive and energy names lagged. Amazon slid 0.8%, Chevron fell 0.7%, and Procter & Gamble closed nearly flat. Boeing and Coca-Cola also saw minor losses, reflecting a lack of conviction in more defensive plays during the bounce.

What’s weighing on the banks, despite the bounce?

Friday’s disappointing jobs print remains a concern for financial stocks. Bank of America analysts warned Monday that banks could continue facing pressure through the traditionally weak August–September stretch.

JPMorgan, Wells Fargo, Goldman Sachs, and Citigroup all suffered steep losses last week, following signs of softening in employment and credit quality.

Although analysts say the broader credit market still reflects stable business and consumer conditions, any further rise in unemployment could threaten this outlook. As BofA noted, credit health hinges on labor market resilience.

How are geopolitics and trade headlines influencing sentiment?

Markets remain on edge over global trade developments, particularly following Trump’s updated “reciprocal” tariff order.

Traders are closely watching for signs of progress in U.S.–China talks, after senior officials met in Stockholm last week. Treasury Secretary Scott Bessent commented that a deal framework may be developing, keeping risk appetite afloat for now.

Market Outlook: Will the August downtrend hold?

Despite Monday’s bounce, August has historically been a weak month for the Dow.

With minimal economic data due this week, earnings reports from names like Palantir and AMD could drive short-term momentum. Traders will also be watching any labor market updates or geopolitical headlines closely, especially those tied to U.S. trade policy and China talks.

While Monday’s session offered relief, a sustained rebound will depend on economic stabilization and earnings strength.

More Information in our Economic Calendar.