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stocksJun 30, 2026, 6:43 AM

Deutsche Bank: Tech-Led Rebound Powers S&P 500 to Snap Losing Streak

Deutsche Bank strategists highlight a risk-on tone in US equities, driven by a recovery in technology stocks. The Magnificent 7 outperformed, helping the S&P 500 end a five-day losing streak and approach its best quarterly performance in six years.

SPYQQQ

Deutsche Bank strategists note a solid risk-on tone in US equities as a recovery in technology stocks lifted the broader market. The Magnificent 7 group of mega-cap tech stocks outperformed, contributing to the S&P 500 snapping a five-day losing streak.

The rebound has put the S&P 500 on track for its strongest quarterly performance in six years. The tech-led rally reflects renewed investor confidence after a period of selling pressure, with the broader index now approaching key quarterly milestones.

Source: FXStreet Forex News