Nasdaq, S&P 500 surge on chip stock rebound, oil drop — SkimNews
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- Nasdaq surged alongside the S&P 500 as semiconductor stocks led a tech-sector rally, reversing recent losses tied to AI spending concerns.
- S&P 500 gained ground amid declining oil prices, which eased inflationary pressure and supported investor confidence in risk assets.
- Chip stocks bounced significantly, helping to restore momentum in the tech sector after a sharp sell-off driven by doubts about AI-related capital expenditures.
- Oil prices fell from recent highs above $100, reducing input cost fears and contributing to a shift back into equities, particularly in technology.
Why it matters: The rotation back into tech and semiconductors marks a reversal from the prior week’s capital flight to Treasurys, signaling that investors may be regaining confidence in AI-driven growth ahead of major earnings and the Fed meeting. This shift tightens the link between oil volatility and equity performance.
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