Nasdaq 100 Rebounds: Sustainable Recovery or Temporary Respite?

Technology shares staged a strong recovery on Monday, with the Nasdaq 100 climbing 528.50 points, or 2.18%, to close at 24,750.25. The upward movement began during pre-market trading as futures advanced more than 2%, setting a positive tone for the session. Throughout the day, the index fluctuated between 24,540.42 and 24,659.47 points.

This robust performance represents a significant reversal from Friday’s steep 3.6% decline, which was triggered by renewed tariff threats against China from the U.S. administration. Market anxiety eased considerably, reflected in the CBOE Volatility Index pulling back from its recent peak of 21.66 points.

Semiconductor and artificial intelligence stocks, which had borne the brunt of Friday’s selling pressure, led Monday’s advance. Broadcom emerged as the standout performer, surging 9.9% following news of a... Read more...