Stocks trimmed their losses at the end of Monday's trading, pushing the tech-heavy Nasdaq into positive territory, as investors weighed the prospects for a U.S. recovery once the lockdowns instituted to stem the COVID-19 pandemic are lifted. The S&P 500 SPX, -1.01% fell 1% to end around 2,762. The Dow Jones Industrial Average DJIA, -1.38% fell 329 points, or 1.4%, to finish near 23,391, based on preliminary numbers. The Nasdaq Composite rose 0.5% to end at 8,192.
Equities struggled to find their direction amid continuing questions around how the U.S. economy might recover from the unprecedented, exogenous shock of the coronavirus. At the same time, signs that the coronavirus may be nearing a peak soon in the U.S., along with a deal to end a month long price war between Russia and the Organization of the Petroleum Exporting countries helped to give more bullish investors hope that financial markets would find their footing.
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