Nvidia Stock and Palantir (PLTR) Soar 20%, Leading Tech Comeback
Stock market surged higher yesterday after tariff news, with Nvidia and Palantir surging 19%, while Dow Jones closed 9% higher.
Tuesday’s explosive rally across U.S. equity indices marks a pivotal shift in market sentiment following months of persistent volatility and downside pressure. A temporary pause in trade escalation—highlighted by the freeze on broad reciprocal tariffs—offered investors much-needed relief and a clearer near-term outlook. That clarity, paired with better-than-expected earnings from several major firms, unleashed a wave of risk-on positioning and short covering.
US Stock Market Closing Summary – April 9
S&P 500:
Closed at 5,456.90, up +474.13 points or +9.52% on the day.
This marks one of the index’s strongest single-day percentage gains in years, breaking key resistance levels as bullish momentum returned across sectors.Nasdaq Composite:
Ended the session at 17,124.97, gaining +1,857.06 points or +12.16%.
A massive tech rally, led by Apple, Tesla, and semiconductor stocks, powered the Nasdaq’s sharp reversal out of bear market territory.Dow Jones Industrial Average:
Closed at 40,608.45, rising +2,962.86 points or +7.87%.
The blue-chip index posted its best daily performance since the pandemic-era rallies, driven by strong moves in industrials, consumer goods, and financials.Russell 2000 (Small Caps):
Finished at 1,913.16, up +152.45 points or +8.66%.
Small-cap stocks, which had lagged most of the year, saw renewed buying as risk sentiment improved and tariff-related uncertainty temporarily faded.
The Nasdaq’s 12% jump ranks among its largest one-day gains ever, driven by strong rebounds in major tech names like Apple and Tesla. The S&P 500 and Dow Jones also clawed back key ground, recovering much of their year-to-date losses and reclaiming important psychological levels.
Notably, the Russell 2000’s rise signals renewed interest in smaller, previously underperforming sectors, suggesting a broader appetite for risk.
Still, despite the sharp rally, caution lingers. Markets are reacting to a temporary pause in tariffs, not a long-term solution. Broader concerns—such as persistent inflation, slowing global growth, and geopolitical risks—remain unresolved. Investors are now watching to see whether this rebound can hold or if it’s just a short-lived bounce in a choppy market.
Markets Rebound After Steep Sell-Off
U.S. stocks rallied sharply after last week’s sell-off, driven by hopes the Trump administration might delay upcoming tariffs. A potential 90-day freeze on duties—excluding China—eased investor fears and fueled broad gains across major indices.
The Dow Jones surged 9%, one of its strongest single-day performances in years, while tech leaders like Nvidia and Palantir posted standout gains.
Nvidia (NVDA) Finds Support at the 100 SMA
Nvidia began Monday’s session sharply lower, dropping 6% at the open as concerns over a prolonged trade war and climbing bond yields pressured semiconductor stocks. However, the stock rebounded strongly after finding support near its 100-week simple moving average (SMA), which served as a turning point.
By the close, Nvidia had soared to $114.33 from $96.30, posting a remarkable 19% daily gain. Despite the bounce, the stock remains about 26% below its all-time high set on January 5.
Market sentiment improved following news that Ark Invest’s Cathie Wood boosted her Nvidia stake by over 340,000 shares across Monday and Tuesday. While the technical picture has brightened, Nvidia still faces resistance from several moving averages above, which may limit near-term upside unless new positive catalysts emerge.
Palantir Chart Daily – Recovers From Bearish Open
Palantir also opened the week under pressure, with renewed worries over defense spending impacting sentiment toward government tech contractors. Although the stock dipped early Monday, it held up better than peers, ending the day relatively flat as broader indices slipped.
On Tuesday, PLTR opened at $78 and surged to $96.20 by the close—an impressive 19% gain—driven by optimism around the temporary suspension of tariffs, which encouraged a shift back into resilient tech names.
Year-to-date, Palantir is up 22%, outperforming amid market turbulence. Investor confidence is also growing amid speculation that the U.S. Army will soon award a major Next-Generation Command and Control (NGC2) contract. Ongoing support for the Army’s Vantage platform further underpins Palantir’s long-term outlook.
Conclusion: Sentiment Shifts, but Risks Linger
Tuesday’s market action, especially in tech, reflected renewed investor confidence that the worst may be behind—at least for now. Nvidia and Palantir not only recovered from early-week declines but led the rally with strong double-digit gains, highlighting how quickly sentiment can shift.
Still, the optimism fueled by talk of a tariff pause is temporary. Nvidia continues to face pressure from a cooling chip cycle, while Palantir remains exposed to uncertainties around government spending.
If trade talks stall or economic data weakens, volatility could quickly resurface. But for now, the sharp rebound suggests institutional investors are starting to return to high-growth stocks, betting on stabilization ahead.
Dow Jones industrial Average Live Chart
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