Nasdaq100 2.1% surge, market rebound as semiconductor stocks recover
Nasdaq100 rose 2.1%, leading the index rebound on Monday. Oil prices and Treasury yields fell on signs of easing tensions in the Middle East, while the semiconductor sell-off halted. However, concerns about interest rates remain following Friday’s strong employment report.
U.S. stocks rebounded on Monday. Nasdaq100 led the gains, driven by technology stocks. The sell-off in semiconductor stocks halted, and some shares showed signs of recovery.
Nasdaq100 was up 2.1%. S&P 500 was up 0.8%. Technology and growth stocks were broadly strong.
The Dow Jones rose slightly by 0.2%. Oil prices and Treasury yields fell as geopolitical tensions eased. The market showed a limited recovery in risk appetite.
Signs of easing tensions in the Middle East and signals of a ceasefire triggered a shift in investor sentiment. As oil prices stabilized amid reduced geopolitical uncertainty, some funds moved into risk assets. The halt in semiconductor selling contributed to the index rebound.
However, the employment data released on Friday was stronger than expected. As a result, uncertainty over the direction of interest rates has not been fully resolved. Investors are closely monitoring upcoming employment and inflation data.
Share prices of major semiconductor stocks, including Intel, showed signs of recovery. Overall, a rebound led by technology stocks drove the Nasdaq100 higher. The market appears to be reflecting both geopolitical easing and macroeconomic indicators.
Sources: Benzinga
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