AI leads, but rally reaches further
SPY•U.S. stocks rebounded, with the Nasdaq up 1.6%, the S&P 500 up about 1.3% and the Dow gaining about 0.5%. Technology led sector gains as 10 of 11 S&P 500 sectors rose.
SPY•SPY•SPY•U.S. stocks rebounded, with the Nasdaq up 1.6%, the S&P 500 up about 1.3% and the Dow gaining about 0.5%. Technology led sector gains as 10 of 11 S&P 500 sectors rose.
The S&P 500 and Nasdaq climbed more than 1% as investors regained confidence in the AI trade. Strong results from CoreWeave helped ease concerns about demand for AI infrastructure, while Nvidia steadied after two sessions of sharp losses. Technology rose 2.7%, and the semiconductor index jumped 5.7%.
Ten of the 11 S&P 500 sectors finished higher; consumer discretionary fell about 0.4%, the only sector to end lower. Apple and Coca-Cola both closed at record highs. The Roundhill Neocloud ETF was up just over 19% for the week, though it remained about 41% below its August record close.
