Tech Stocks Surge as U.S. Markets Rally, Asian Markets Poised for Strong Open

Tech Stocks Surge as U.S. Markets Rally, Asian Markets Poised for Strong Open

The strong rebound in tech stock prices lifted Wall Street's sentiment and eased investor concerns about potential market disruptions from artificial intelligence. Asian markets appear poised for a positive start.

U.S. futures pointed to strong gains in Sydney, Tokyo, and Hong Kong. The Nasdaq 100 rose 1.1% on a software sector rebound, while the S&P 500 gained support from improved consumer confidence.

Market participants are closely watching chipmaker NVIDIA's upcoming earnings report. Analysts expect results to significantly exceed forecasts, despite recent weakness in its stock amid large-cap selloffs.

Market Outlook: Short-term bonds underperformed, and prices of gold and crude oil declined. Experts suggest this week's earnings may either ease or intensify AI-related concerns, with investors eager for clarity.

• Nasdaq 100 up 1.1%
• S&P 500 gains on consumer confidence
• NVIDIA earnings in focus
• Gold and crude oil prices fall