Stock Market Today: Markets Rebound Ahead of Big Week for Earnings
Equities rallied on easing geopolitical tensions, upcoming quarterly results.


Stocks rebounded sharply after last week's shellacking of equities, helped by easing geopolitical tensions and upcoming earnings reports from some of the market's biggest names.
At the close, the blue-chip Dow Jones Industrial Average was up 0.7% at 38,240, while the broader S&P 500 added 0.9% to 5,010. The tech-heavy Nasdaq Composite gained 1.1% to 15,451.
Monday's session marked a sharp reversal from last week's action, when the reality of higher-for-longer interest rates, some mixed quarterly results and rising upheaval in the Middle East sapped market participants' appetite for risk.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
"Much of the pressure across stocks last week, and really since the start of the month, has come from investors repricing the number of Federal Reserve rate cuts for this year," writes Anthony Saglimbene, chief market strategist at Ameriprise.
Sticky inflation data, better-than-expected economic growth and heightened geopolitical tensions have "increased uncertainty into the soft-landing narrative that helped propel stocks higher in the first quarter," the strategist adds.
Tesla cuts prices, again
Shares in Tesla (TSLA) continued their slide Monday, closing down 3.4% on news the electric vehicle (EV) maker cut prices in major markets, including China and Germany. The company slashed prices by up to $2,000 on vehicles such as the Model 3 and Model Y amid waning demand and increased competition, Reuters reported.
Tesla, which reports earnings after Tuesday's close, has lost more than 40% of its value for the year-to-date, making it the worst-performing Magnificent 7 stock by a wide margin.
Verizon results disappoint
Verizon Communications (VZ) slumped 4.6% Monday after the company posted quarterly revenue growth that fell short of Wall Street estimates. The only telecom in the Dow Jones also said it lost a net 158,000 users in its consumer wireless postpaid phone business in the first three months of 2024.
VZ stock is back to levels last seen in January, and is lagging the broader market by about 10 percentage points over the past 52 weeks.
Inflation data, busy earnings week on deck
Several major events could cause choppy trading in the days ahead. Big Tech will be in focus in a big way, with several Mag 7 stocks on this week's earnings calendar.
Meanwhile, the economic calendar features the March Personal Consumption and Expenditures (PCE) Price Index. The data measures consumer spending and is the Fed's preferred inflation gauge. Other reports include March new home sales, March pending home sales and durable goods orders.
Related content
- Analysts' Top S&P 500 Stocks to Buy Now
- Best Dividend Stocks for Dependable Dividend Growth
- Super Micro Computer: Why This Hot Stock Could Hit $1,500
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Dan Burrows is Kiplinger's senior investing writer, having joined the publication full time in 2016.
A long-time financial journalist, Dan is a veteran of MarketWatch, CBS MoneyWatch, SmartMoney, InvestorPlace, DailyFinance and other tier 1 national publications. He has written for The Wall Street Journal, Bloomberg and Consumer Reports and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among many other outlets. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange.
Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.
In his current role at Kiplinger, Dan writes about markets and macroeconomics.
Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.
Disclosure: Dan does not trade individual stocks or securities. He is eternally long the U.S equity market, primarily through tax-advantaged accounts.
-
September Fed Meeting: Live Updates and Commentary
The September Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. will do about interest rates.
-
Ask the Editor: Questions on 529 Plan Rollovers to a Roth IRA
Ask the Editor In this week's Ask the Editor Q&A, we answer four questions from readers on transferring 529 plan money to a Roth IRA.
-
September Fed Meeting: Live Updates and Commentary
The September Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. will do about interest rates.
-
I'm an Investment Strategist: This Is How the Fed's Next Rate Move Could Impact Your Wallet
Interest rate cuts might be coming, which could affect everything from your credit card debt to your mortgage. It's smart to prepare now — here's how.
-
I'm a Retirement Planner: These Are Three Common Tax Mistakes You Could Be Making With Your Investments
Don't pay more tax on your investments than you need to. You can keep more money in your pocket (or for retirement) by avoiding these three common mistakes.
-
Want to Shave 10 Hours Off Your Workweek? A Startup Expert Shows How AI Can Help
Artificial intelligence is overhauling how companies operate, freeing up entrepreneurs and their workers to skip the menial stuff and get down to business.
-
Dow Gains 617 Points as Rate Cuts Near: Stock Market Today
Wednesday's economic data didn't shift Wall Street's expectations that the Fed is preparing for a rate cut at next week's meeting.
-
Hot August CPI Report Doesn't Shift the Rate-Cut Needle: What the Experts Say
The August CPI came in higher than forecast on a monthly basis, but Wall Street still expects a rate cut at next week's Fed meeting.
-
Four Clever and Tax-Efficient Ways to Ditch Concentrated Stock Holdings, From a Financial Planner
Holding too much of one company's stock can put your financial future at risk. Here are four ways you can strategically unwind such positions without triggering a massive tax bill.
-
Beyond Banking: How Credit Unions Serve Their Communities
Credit unions differentiate themselves from traditional banks by operating as member-owned financial cooperatives focused on community support and service rather than shareholder profit.