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.

Trading on Wall Street is mixed ahead of key U.S. economic data being released later in the week, as well as developments in President Donald Trump’s trade agenda

Markets appear to be settling a day after a broad rally was fueled by hopes the Trump administration may take a more targeted approach to tariffs. Futures for the S&P 500, the Nasdaq and the Dow Jones Industrial Average all rose less than 0.