Whether Monday's smashing rally was a sure sign that the bottom for stocks is "in" or the temporary China-USA trade deal worked out over the weekend ignited a wicked bear market rally.
Signs seem to be leaning toward the positive as Donald Trump reshapes the economic landscape. Additionally, Tuesday's reading on April CPI saw consumer prices rise at their slowest pace since February, 2021, increasing 2.3% over the prior year and up just 0.2% for the month.
Monday's face-ripping rally had other effects, sending gold to its lowest level in two weeks, dropping close to $3,200 as the day wore on.
Futures are mixed heading toward Tuesday's opening bell. Just before 9:00 am ET, Dow futures are off 180 points, S&P futures are flat-lining and NASDAQ futures are up 40.
It's no longer wait-and-see for many eager investors, judging by the outsized gains on the NASDAQ.
At the Close, Monday, May 12, 2025:
Dow: 42,410.10, +1,160.72 (+2.81%)
NASDAQ: 18,708.34, +779.43 (+4.35%)
S&P 500: 5,844.19, +184.28 (+3.26%)
NYSE Composite: 19,711.55, +392.35 (+2.03%)
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