Global Markets
Nasdaq bounces 1.1% as tech recovers; Netflix, Tesla, Meta report this week
Amazon jumps nearly 5% as easing yields and oil help AI and chip stocks.
US stocks were mixed on Monday. The Nasdaq gained about 1.1% and the S&P 500 rose 0.41%, while the Dow slipped 0.07%. Tech led the rebound after last week's sell-off over doubts about AI spending.
Amazon rose 4.95%, Palantir 4.36%, Tesla 3.74% and Micron 2.95%.
Big earnings arrive this week: Netflix on Tuesday after the close, then Tesla, Meta, IBM and Texas Instruments on Wednesday.
Why it mattersIndian IT and tech stocks often take their cue from the Nasdaq, and results from the big US tech names will shape the AI-spending debate that moved markets last week.
Sources
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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