U.S. stocks have recovered a chunk of their losses since falling 10% below their all-time high earlier this month, in their first “correction” since 2023. The S & P 500 is down 6% from its record, and that drop has left the market looking less expensive than before, which had been a major criticism following its euphoric rise in earlier years.

The U.S. stock market’s drops followed a sell-off that spanned the world earlier Monday as worries build over tariffs coming Wednesday from Trump.

Stocks opened with losses Monday, feeling pressure as investors appeared unsettled ahead of President Donald Trump's announcement on tariffs due on Wednesday. Trump over the weekend threatened tariffs on all trading partners,