Following a bruising four week sell-off that saw the S&P 500 briefly dip into correction territory, U.S. equity markets managed to find some footing last week and have started this week on a constructive tone following several reports this weekend that upcoming tariff increases may be more measured than initially feared.

U.S. equities tumbled lower for the fourth straight week as the S&P 500 briefly dipped into correction territory with a drawdown over 10% before rebounding higher on Friday to close the week.

Investor confidence was shaken last week while they contemplate the effects of multiple actions taken by the Trump administration. After a contentious meeting at the White House with President Zalinski on a trade agreement for rare earth minerals, President Trump paused all aid to Ukraine increasing global tensions.

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Major indexes declined during the holiday-shortened week. With markets closed Monday in observance of Presidents’ Day, stocks started the week on Tuesday generally trending up, which led to the S&P 500 Index closing at record highs on Tuesday and Wednesday.