Stocks stage comeback as Dow rebounds more than 400 points off session low

U.S. stock-market benchmarks closed slightly lower on Monday, after surging sharply from a torrid selloff at the opening bell, as investors reassess flare-up of trade worries. The S&P 500 SPX, -0.45% fell 0.4% to end near 2,932. The Dow Jones Industrial Average DJIA, -0.25% shed 66 points, or 0.3%, to finish around 26,438, based on preliminary numbers. The Nasdaq Composite COMP, -0.50% was down 0.5% to finish around 8,123. U.S. equities initially came under pressure after President Donald Trump threatened to raise tariffs on $200 billion of Chinese imports on Friday to 25% from 10%. The President also said he could slap tariffs on the remaining $325 of untaxed Chinese goods. Equities have gradually recovered since the beginning of the session as investors tried to gauge whether President Donald Trump’s threat to raise tariffs represents a re-escalation of trade tensions or a short-term negotiating tactic before a final trade deal. In company news, shares of Kraft Heinz Co. KHC, +0.58% rose 0.6% even after the branded food company said it would have to restate its financial statements for the years between 2016 and 2018.

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