Stock Market News From Oct. 14, 2025: Dow Turns Higher in Big Reversal

The Dow was down more than 600 points at its low, or 1.3%, meaning it pulled off its biggest reversal from an intraday low to positive territory since April 30, according to Dow Jones Market Data. The S&P 500, which was down 1.5% at its low, was on track to join the Dow until President Donald Trump posted about Chinese exports of cooking oil.

“I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act,” Trump posted on Truth Social. “We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution. As an example, we can easily produce Cooking Oil ourselves, we don’t need to purchase it from China.”

Stocks were already down earlier in the morning after China sanctioned some U.S. shipping subsidiaries. The market is waiting anxiously to see if the U.S. and China de-escalate.

“The bounce made sense and de-escalation should be the base case longer term, but the China overhang will not disappear given the size of the tail risk if things keep escalating,” wrote 22V Research’s Dennis DeBusschere earlier this morning. “Expect an embedded risk premium until there is more concrete news about the two sides meeting.”