US stocks began Monday’s session firmly in positive territory but are now seesawing near the unchanged line, as investors look to close out a mostly positive April trading month. After Friday’s close, the Dow is on track for a 1.5% gain in April and a 1% loss on the year while the S&P500 is up 1.6% in April and eyeing a move into the black for 2018.
US stocks staged a bit of a comeback last week with advances coming across all three major benchmarks. The Dow Jones Industrial Average climbed 1.8%, the S&P500 gained 2.0% and the Nasdaq rallied 2.8% on the week bringing the tech-heavy index into the green for the year.
It was a choppy week for US equities last week, as concerns over a potential trade war with China remained front and center. The blue-chip Dow was hit the hardest, with weekly losses exceeding -3%, while the S&P500 retreated -2.6% and the Nasdaq inched 0.2% higher on the week.
Last week ended on a positive note as stocks rallied into the Easter Weekend, but it wasn’t quite enough to bring the broad US benchmarks into the green for the quarter. The Dow and S&P500 finished the quarter with losses of 2.5% and 1.2% respectively, snapping a streak of nine consecutive quarterly gains.