U.S. stocks are rallying again following weeks of scary swings. The S&P 500 rose 1.1% Monday and was on track for a second straight gain after falling 10% below its record last week.

At the opening bell, the S P 500 fell 54.92 points, or 0.97%, to 5,620.20, Dow Jones Industrial Average lost 206.06 points, or 0.49%, to 41,635.57, and the Nasdaq Composite decreased 295.45 points, or 1.

Wall Street’s focus will be on what Powell says about the rest of the year. Expectations are still high the Fed may cut its main interest rate two or three times in 2025. The risk of cutting interest rates too quickly or aggressively is that it could push up inflation.