Nasdaq Leads Stock Market Rebound, S&P 500 Follows as Big Tech Shows Signs of Life
The Q1 decline in US stock markets seems to be over, with S&P 500 and Nasdaq being 5% off while Hyundai is investing $21B in the US.
Today’s market rally was led by tech and growth stocks, signaling a potential turnaround in sentiment after weeks of volatility. With the S&P 500 and Nasdaq breaking out of their losing streaks after the decent gains in the last two trading days, investors are watching to see if this momentum can carry into the coming sessions, especially with key economic data and earnings reports on the horizon.
US Stock Market Closes Higher, Led by Tech Surge
Major Indices Reach Multi-Week Highs
Dow Jones Industrial Average gained 597.97 points (+1.42%) to close at 42,583.32, marking its highest level since March 7.
S&P 500 Index climbed 100.01 points (+1.76%) to 5,767.57, also reaching its highest close since March 7.
Nasdaq Composite surged 404.54 points (+2.27%) to 18,188.59, its best finish in over two weeks.
Russell 2000 advanced 52.39 points (+2.55%) to 2,109.37, the highest close since March 3.
Tech & Growth Stocks Lead the Gains
Last week, the S&P 500 and Nasdaq snapped a four-week losing streak, thanks to a strong rally on Friday.
Today’s gains were driven by major tech and high-growth stocks, many of which posted strong rebounds.
Top Gainers of the Day
Tesla (TSLA): +11.93% – Strong rebound following support at key technical levels.
MicroStrategy (MSTR): +10.43% – Bitcoin-related momentum fueled a big jump.
Applovin (APP): +8.18% – Strong earnings outlook boosted investor sentiment.
United Airlines (UAL): +7.16% – Airline stocks benefited from positive travel demand data.
AMD (AMD): +6.96% – Breaking out of a downtrend, adding to its 20% monthly gains.
Palantir (PLTR): +5.34% – Continued rally as AI-related stocks gained traction.
Performance of the “Magnificent 7”
Tesla (TSLA): +11.93% – Biggest gainer in the group.
Meta (META): +3.79% – Continued recovery after recent declines.
Microsoft (MSFT): +0.47% – Modest gains amid market-wide rally.
Amazon (AMZN): +3.59% – Found support after weeks of losses.
Alphabet (GOOGL): +2.25% – Strength in advertising revenue helped boost sentiment.
Apple (AAPL): +1.13% – Rebounding after recent struggles with global sales.
Nvidia (NVDA): +3.15% – Strong buying interest as AI-driven demand remains high.
Today’s broad-based rally across major US indices signals renewed optimism in the market, particularly in tech and growth stocks, which led the surge. The S&P 500 and Nasdaq have now snapped their four-week losing streaks, with buyers stepping in at key support levels.
The strong rebound in Tesla (+11.93%), AMD (+6.96%), and Palantir (+5.34%) suggests that investors are once again turning toward high-growth sectors, particularly AI, semiconductors, and EVs. The performance of Nvidia (+3.15%), despite its recent downtrend, also points to growing confidence in AI-driven stocks.
The recent market pullback was driven by concerns over interest rates, inflation, and geopolitical risks, and while the Federal Reserve’s dovish tone has helped improve sentiment, investors will be watching upcoming economic data closely. The US PCE inflation report later this week, along with earnings reports from key companies, will provide further insight into whether this recovery has legs or if another pullback is on the horizon.
If momentum holds, the market could be setting up for a broader breakout, particularly in tech and growth stocks. However, any negative surprises from economic data or renewed tariff concerns could stall the rally, making the next few trading sessions crucial in determining the market’s next move.
S&P 500 Live Chart
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals