Nasdaq Enters a Bull Market as the Dow Exits Correction

The Nasdaq Composite entered a new bull market on Monday as the stock market surged after the U.S. and China agreed to ease back tariffs for 90 days.

The tech-heavy index rallied 4.4%, closing more than 20% above its April 8 low to exit the bear market that began on April 4. The Dow Jones Industrial Average rose 1,161 points, or 2.8%, closing more than 10% above its April 8 low to exit a technical correction. The S&P 500 rallied 3.3%.

The big three indexes all closed above their 200-day moving averages, a key level to watch as Wall Street debates whether the latest run higher has legs.