After a decline, buyers intervene, causing the Nasdaq 100 to rise 2% – US Market Wrap
Stocks rose as the recent artificial intelligence selloff enticed buyers who believe the industry's investment boom will continue to support strong corporate profitability. In the final stretch of what is expected to be the strongest quarter for equities in six years, the S&P 500 surged 1%, while the Nasdaq 100 increased twice as much. An indicator of the Magnificent Seven megacaps, which has underperformed the market this month, rose 2.5% on Monday. In a turbulent afternoon, chipmakers rallied from their worst week since April 2025. Despite rising oil prices, equities rallied. Trump said peace negotiations with Iran will restart on Tuesday after both parties agreed to halt a series of tit-for-tat attacks across the Strait of Hormuz. The Treasury market remained calm as the US Supreme Court declared that Federal Reserve Governor Lisa Cook could continue in her position for...
Stocks rose as the recent artificial intelligence selloff enticed buyers who believe the industry's investment boom will continue to support strong corporate profitability.
In the final stretch of what is expected to be the strongest quarter for equities in six years, the S&P 500 surged 1%, while the Nasdaq 100 increased twice as much.
An indicator of the Magnificent Seven megacaps, which has underperformed the market this month, rose 2.5% on Monday.
In a turbulent afternoon, chipmakers rallied from their worst week since April 2025.
Despite rising oil prices, equities rallied.
Trump said peace negotiations with Iran will restart on Tuesday after both parties agreed to halt a series of tit-for-tat attacks across the Strait of Hormuz.
The Treasury market remained calm as the US Supreme Court declared that Federal Reserve Governor Lisa Cook could continue in her position for the time being, preserving the central bank's independence from the White House.
A little drop pushed the yen to its lowest level against the dollar since 1986.