US technology stocks saw a rebound, causing key indexes to rise, following a nearly $1.3 trillion wipeout from the market capitalization of Nasdaq 100 companies during the first two days of the week. This rout was sparked by renewed concerns regarding the extensive artificial-intelligence-fueled rally.
The S&P 500 Index increased by 0.4%, stabilizing after a global tech sell-off that occurred the previous day. The Nasdaq 100 also climbed by 0.5%, while the blue-chip Dow Jones Industrial Average remained largely unchanged. This bounce signals a recovery in sentiment after the significant downturn.
Simultaneously, crude oil prices experienced a decline. Brent crude dropped 3.9%, moving closer to its pre-war levels. Gold also fell below $4,000 per ounce, marking its lowest point since November. These movements provided additional relief to the market alongside the tech rebound.
