US Stocks Rally as Tech Rebounds, S&P 500 +1.2%, Nasdaq 100 +2.3%
US equities bounced back on Monday as buyers returned to technology shares, pushing the S&P 500 up 1.2% and the Nasdaq 100 2.3% higher. The rebound was supported by the resumption of US-Iran peace talks and a strong recovery in chipmaker stocks.
US stocks staged a broad rally on Monday, led by a sharp recovery in technology shares after the recent AI-driven selloff. The S&P 500 gained 1.2%, while the tech-heavy Nasdaq 100 surged 2.3%.
Investor sentiment improved amid reports that US-Iran peace talks have resumed, though oil prices remained elevated. Markets also drew support from the Federal Reserve’s independence and a strong rebound in semiconductor stocks.
The move marks a reversal of last week’s weakness triggered by deep-seated AI sector concerns.
Source: First Squawk