U.S. equities rebounded strongly after recent volatility. The Dow Jones Industrial Average rose 1.21%, the Nasdaq Composite gained 1.18%, and the S&P 500 advanced 1.16%, marking a broad-based rally across all major indices.
Tech-Led Surge Fuels Market Recovery
The rally was primarily driven by robust performance in the technology sector. Strong earnings from major tech firms, combined with sustained momentum in AI-related stocks, boosted investor confidence. Analysts suggest easing inflation pressures may allow room for a Fed policy pivot, enhancing equity market appeal.
- Dow up 1.21%, with notable gains in energy and industrial sectors
- Nasdaq rises 1.18%, led by outperforming tech giants
- S&P 500 climbs 1.16%, with over 80% of components closing higher
Traders attribute the rally to improved liquidity and institutional capital inflows. While global economic uncertainties persist, rising risk appetite in the near term could support a continued upward trajectory in equities.