Home Stock market today: Dow jumps 580 points, S&P 500, Nasdaq have best day since May as Wall Street bounces back

Stock market today: Dow jumps 580 points, S&P 500, Nasdaq have best day since May as Wall Street bounces back

· August 4, 2025 · 0 Comment
  • Investors bought the dip on Monday as stocks rebounded sharply from last Friday’s sell-off, which was sparked by fears of a labor market slowdown and trade uncertainty.
  • The broad-based S&P 500 (^GSPC) climbed nearly 1.5%, while the blue-chip Dow Jones Industrial Average (^DJI) rose 1.3% or more than 500 points. The tech-heavy Nasdaq Composite (^IXIC) rose almost 1.9%.
  • The moves follow a sharp pullback on Wall Street on Friday when all three major indexes posted their worst weekly declines in months. This ended a July filled with numerous all-time highs for the S&P 500 and Nasdaq Composite.
  • Yahoo Finance’s Laura Bratton reports:
  • Read more here.
  • Yahoo Finance’s Pras Subramanian reports:
  • Read more here.
  • Yahoo Finance’s Jennifer Schonberger reports:
  • Read more here.
  • Figma (FIG) stock dropped more than 20% on Monday following the company’s strong public debut last week.
  • Shares of the design software company sank after gaining more than 5% on Friday and jumping over 250% during Thursday’s blockbuster IPO.
  • Coinbase (COIN) stock was downgraded by analysts at Compass Point, who questioned whether the crypto platform’s valuation was sustainable.
  • The analysts changed Coinbase’s rating to Sell from Neutral and lowered its price target to $248 from $330 per share. The new price target represents a 21% decline from Friday’s close.
  • “While we remain constructive on the current crypto cycle, we expect a choppy 3Q alongside weak August/September seasonality and waning retail interest in crypto treasury stocks,” Compass Point analyst Ed Engel wrote on Sunday night.
  • “As such, we see limited support for COIN’s valuation if crypto markets sell off further,” he noted.
  • Read more here.
  • Yahoo Finance’s Jake Conley reports:
  • Read more here.
  • Yahoo Finance’s Francisco Velasquez reports:
  • Read more here.
  • As President Trump’s tariff policy pans out, UBS strategists signal it won’t cause a recession or spell the end of a bull market.
  • “Our base case remains that US tariffs will eventually settle around 15%,” Ulrike Hoffmann-Burchardi, UBS Global Wealth Management’s chief investment officer for Americas and global head of equities, wrote in a note on Monday morning.
  • “While this would be the highest since the 1930s, and six times higher than when Trump returned to office, we do not expect it to cause a recession or end the equity bull market.”
  • In recent days, Trump has unleashed a flurry of trade deals, including a 90-day reprieve on goods imported from Mexico and 15% tariffs on EU goods.
  • On Friday, Trump signed an order to hike tariffs on Canada to 35%, while he kept a baseline minimum rate of 10% across all partners.The US is set to implement duties this week.
  • President Trump said on Monday he will “substantially” raise tariffs on India. Stocks still remained in rally mode following Friday’s sell-off.
  • “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,” Trump wrote on Monday morning.
  • “They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA,” he added.
  • President Trump’s sweeping tariffs are set to come into full effect later this week. Last Wednesday, Trump announced a 25% tariff on goods from India, plus an additional import tax because of the country’s purchasing of Russian oil.
  • Tesla’s (TSLA) shares jumped 3% on Monday after the EV maker’s board approved a $30 billion alternative compensation plan for its billionaire CEO, Elon Musk.
  • As Yahoo Finance’s Alexis Keenan reports:
  • Read more here.
  • US stocks opened higher on Monday, rebounding from a sharp sell-off spurred by disappointing labor data and tariff uncertainty.
  • The S&P 500 (^GSPC) climbed 0.6% on Monday, while the tech-heavy Nasdaq Composite (^IXIC) rose 0.9%. The Dow Jones Industrial Average (^DJI) moved up 0.5%.
  • Markets are coming off a Friday sell-off sparked by tariffs on dozens of countries that start on Aug. 7 and monthly jobs revisions to the downside that implied a labor market slowdown is underway.
  • Here’s a look at what’s trending in markets ahead of the opening bell:
  • Opendoor (OPEN) stock popped 16% ahead of second quarter results on Monday morning. As my colleague Jake Conley has detailed, the stock has seen a resurgence in investor interest, powered by a bull case by EMJ Capital and speculative bets posted on Reddit forums.
  • Palantir (PLTR) stock rose 2%. On Friday, the company announced it snagged a contract with the US Army that combines over 75 agreements into one package deal worth $10 billion over the next decade. The software and AI data company will report earnings after the bell on Monday.
  • Tesla (TSLA) shares added more than 2% after the company approved a new pay package worth $29 billion for CEO Elon Musk amid an intense court battle in Delaware. The pay package is designed to boost Musk’s voting power over time, which shareholders say is key to keeping him focused on the company and its mission, the special committee said in the filing.
  • Joby (JOBY) shares climbed 5% premarket after the electric air taxi developer said it would acquire Blade Air Mobility’s helicopter rideshare business for as much as $125 million. The deal would give Joby access to a network of air terminals in key areas like New York City. Blade Air (BLDE) stock rocketed nearly 30% higher on the news.
  • Tyson Foods (TSN) stock increased 4% after the company reported fiscal third quarter results that beat expectations. The company raised its annual revenue forecast and said it expects resilient demand for chicken to offset weakness in the beef segment as high cattle prices weigh on profits.
  • Check out more trending tickers here.
  • Wayfair (W) stock shot up 10% in premarket trading on Monday after the online furniture retailer reported its highest revenue growth and profitability since 2021.
  • Wayfair posted diluted earnings of $0.11 per share, above estimates for a loss of $0.37 per share, according to S&P Global Market Intelligence. Revenue rose 5% to $3.27 billion, beating Wall Street’s expectations of $3.12 billion.
  • Net revenue in the US rose 5.3% to $2.9 billion in the quarter, while international net revenue increased 3.1% to $399 million.
  • “We are optimistic that sales growth, along with management’s commitment to controlling expenses/investments, may create a longer-term positive inflection in earnings revisions, on top of what we view as an attractive valuation,” JPMorgan’s Christopher Horvers wrote in a note ahead of earnings. “Further, over the next three to five years, [Wayfair] should outgrow the category given the longer-term shift toward online retailing and its advantaged assortment/ supply chain as the largest scaled online specialty player in the industry.”
  • Read more live coverage of corporate earnings here.
  • Oil eased on Monday as investors digested OPEC+’s latest supply increase, helping to counter a threat from Washington to move against Russian oil flows.
  • Bloomberg News reports:
  • Read more here.
  • Morgan Stanley’s strategist Michael Wilson said on Monday that investors should buy into bthe selloff in US stocks because of the robust earnings outlook for the coming year.
  • Bloomberg reports:
  • Read more here.
  • Citigroup Inc (C) have turned from bearish to bullish on its gold (GC=F) forecast, with analysts now predicting bullion will rally to a record high in the near term due to a worsening US economy and inflation-boosting tariffs.
  • Bloomberg News reports:
  • Read more here.
  • Goldman Sachs out this morning with a subdued outlook on the US consumer following Friday’s lackluster jobs report. Good read on the consumer from the WSJ today, mirrors what Procter & Gamble’s (PG) CEO told me on earnings day.
  • Goldman’s chief economist Jan Hatzius:
  • “We expect the weakness in consumer spending to continue in the second half of the year and forecast 0.8% real spending growth in 2025H2. Our view is underpinned by the expectation of a sharp slowdown in real income growth from its elevated pace in 2025H1. Income growth will be hit in Q3 by the phasing out of the one-off 2025H1 government transfer payments and in Q4 by the Medicaid and SNAP benefit cuts included in the new fiscal bill, which will take effect in 2025Q4 and affect lower-income households in particular. We also see higher tariff-driven inflation to impose a drag on real income growth in the second half of the year. Finally, we expect weak job growth due to lower immigration, cuts in government and healthcare hiring, and a tariff-related decline in activity.
  • We expect declines in both business and residential investment in the second half of the year.”
  • Swiss stocks took a hit on Monday as the market reopened after a holiday. Worries about the impact from President Trump’s 39% export tariffs and a push for drugmakers to lower prices have caused tension in the market.
  • Bloomberg News reports:
  • Read more here.

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