S&P500 Today: Broadcom Surges, Tesla and Amazon Boost US Stocks Recovery

Wall Street Bounces Back as Trump Softens China Trade Tone

Stocks pushed higher Monday afternoon, with Wall Street recovering some of last week’s bruising losses after President Donald Trump took a softer line on China.

At 17:45 ET, the Dow Jones Industrial Average was up 601 points, or 1.3%, at 46,081, the S&P 500 gained 1.6% to 6,657, and the Nasdaq Composite advanced 2.2% to 22,685.

A calmer tone from the White House was enough to cool worries about a deeper trade fight and bring buyers back into risk assets, especially in tech and consumer names.

Is the Trade Chill Enough to Steady Nerves?

Trump’s reassurance that “it will all be fine” with China helped ease tension after last week’s tariff threats and rare earth control headlines rattled markets.

Treasury Secretary Scott Bessent added that Trump is expected to meet with his Chinese counterpart in South Korea — a signal that dialogue is still alive. Beijing, for its part, refrained from announcing any fresh retaliation. I think traders are taking that as a small win.

Last week’s selloff looked a bit overdone, so this bounce feels more like a positioning reset than a major change in sentiment. More likely than not, the market is just working off some of the fear premium.

Semiconductors Light Up the Board

Tech stocks led the rebound, with the sector up about 2.5%. Nvidia climbed nearly 3%, while Broadcom surged almost 10% after teaming up with OpenAI to build its first in-house AI processors. That partnership lit a fire under the chip space — the semiconductor index jumped nearly 5%, helping the Nasdaq outperform.

Oracle added close to 6% after fresh price-target upgrades, while the sector as a whole continues to ride the wave of AI enthusiasm. For traders, this looks like classic dip buying — stepping back into the strongest theme in the market whenever fear subsides.

Consumer Stocks Get Back in the Game

The consumer discretionary sector gained about 1.9%, with Tesla up 3.3% and Amazon climbing 1.8%. That bounce suggests investors are regaining some appetite for growth exposure after a cautious week.

However, consumer staples fell 0.7%, showing defensive names are losing a bit of their bid as risk appetite returns. It’s a small shift, but one that hints traders are tilting back toward offense — at least for now.

Big Banks on Deck as Earnings Season Begins

Next up, earnings season. Big names like JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo report Tuesday, kicking off a run of results that should give traders a clearer view of the economy. With government data still delayed by the ongoing shutdown, corporate commentary will carry extra weight.

JPMorgan shares were already up more than 2% after announcing a $1.5 trillion strategic investment plan — a headline that’s adding to optimism in the financial sector.

Geopolitical Headlines Stay in the Mix

In the background, Middle East tensions eased slightly as Hamas released the last living Israeli hostages and Israel sent home Palestinian detainees under a Trump-brokered ceasefire. It’s not moving markets in a big way, but it does feed into the broader tone of reduced geopolitical stress — another reason investors are feeling a bit braver stepping back into equities today.

Can This Rally Stick?

Bottom line, the market wanted to believe the trade story wasn’t spiraling, and today’s softer tone gave it that excuse. Buyers stepped in, tech roared, and sentiment improved — but this is still a bounce in a market that’s been jumpy.

With earnings season kicking off and headlines still driving intraday swings, it doesn’t take much imagination to see volatility picking back up. For now, though, buyers have the upper hand. Whether that holds through the week — well, time will tell.

More Information in our Economic Calendar.