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.
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