NEW YORK (AP) — U.S. stocks are recovering some of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street. The S&P 500 rose 0.8% in early trading Monday to claw back about half of Friday’s drop. The Dow Jones Industrial Average was up 288 points, and the Nasdaq composite was up 1%. Wayfair jumped after the retailer of furniture and home decor said accelerating growth helped it make more in profit and revenue in the spring than expected. The Walt Disney Co., McDonald’s and Caterpillar also report this week.
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