Once the Monday morning bell rang on April 7, the S&P 500 index continued its Friday and extended session plunge, solidifying the fears the day would be akin to the Black Monday of 1987.
In fact, at the stock market’s open, only a handful of major companies managed to hold at least somewhat in the green, and, for a time, only Dollar Tree (NASDAQ: DLTR) shares appeared like they’d see a rally on the day.
Though the situation drastically changed with the rumor that President Donald Trump is considering a 90-day pause on his latest tariffs – a rumor quickly proven false – and the expected Black Monday 2025 did not quite materialize as many expected, only a handful of major firms managed to hold on to the sudden positive momentum.
Dollar Tree stock rallies nearly 8% on Black Monday
Dollar Tree was undoubtedly among the biggest winners of the day in the S&P 500 index, as it managed a 7.83% daily rise to $72.84. DLTR shares’ success can be attributed to a recent Citi (NYSE: C) rating upgrade to ‘buy’ based on the expectation that the firm could absorb the tariff-related price hikes without much impact on its business.
Given the strong meme stock logic present in the market in recent years, it also cannot be entirely discounted that Dollar Tree was helped by having ‘dollar’ in its name when economic reforms intended to strengthen the U.S. economy are being implemented.
Tech sector enjoys limited success but suffers from long-term losses
The various arms of the technology sector also enjoyed a strong recovery on Monday, with hardware, material, and equipment sections of the S&P 500 enjoying an uptrend. Super Micro Computer (NASDAQ: SMCI) perhaps enjoyed the strongest rally, ending the day 10.66% up at $33.22.
Interestingly, a trend of stocks that have previously lost much of their luster enjoying the strongest rises was also evident with the other technology giants that have seen relatively strong uptrends.
While Nvidia (NASDAQ: NVDA) saved itself from closing under $90 and is chasing a renewed climb above $100 after a 3.53% rise on the day, it has been overshadowed by Broadcom (NASDAQ: AVGO) and Palantir (NASDAQ: PLTR), with the former rising 5.37% to $154.14 and the latter 5.17% to $77.84.
Did any stocks truly rally on Black Monday 2025?
Elsewhere, the S&P 500 section that can boast about being green in its entirety on Black Monday is ‘utilities,’ with both Ge Vernova (NYSE: GEV) and Constellation Energy (NASDAQ: CEG) rallying more than 5%.
Lastly, KKR & Co (NYSE: KKR), another strong April 7 performer, reminds us that the session’s unexpected positivity does little to dent the broader negative picture and why the biggest positive movers can be said to have corrected rather than rallied.
Despite its strong daily rise of more than 5% to $98.79, KKR shares’ rally is dwarfed by the previous losses as they remain 16.39% down in the weekly chart.
Simultaneously, the nature of Tuesday’s session – and of the remainder of the week – remains uncertain as much of the Monday positivity was driven by ‘fake news,’ and the prospects for a tariff agreement with America’s biggest partners remain either uncertain – as with the EU – or out of reach – as with China.
Featured image via Shutterstock
