Tech Stocks Stage Rebound as Rate Cut Hopes Resurface

A wave of buying swept through technology shares on Friday, marking a dramatic reversal from Thursday’s steep declines. Investors returned to the market, encouraged by falling bond yields and reassuring commentary from Federal Reserve officials. The Nasdaq 100 mounted an impressive recovery, though traders continue to navigate significant uncertainty amid a government-induced data blackout. The critical question remains: is this the beginning of a sustained recovery or merely a temporary respite within a broader downtrend?

From a technical perspective, buyers secured a crucial victory by defending the psychologically significant 24,000-point support level. The index now trades in safer territory around 24,490 points, yet it remains below its 50-day moving average of Read more...