The S&P 500 and Nasdaq clawed back some of their steep losses from the week before.
The Nasdaq Composite gained more than 1% after last week’s sell-off, led by advances in Tesla, Nvidia and Alphabet.
The Nasdaq Composite rallied, but some companies are still off the menu for investors, like Coreweave, while Oracle bonds are coming close to junk territory.
Technology stocks recovered from last week’s sell-off, lifting the Nasdaq 1% and the S&P 500 0.5% at the open. Tesla and Meta earnings are in focus, while oil prices edged lower.
S&P 500 and Nasdaq rise as AI stocks rebound and oil prices fall, while investors watch major company earnings and rising concerns over AI spending.
The S&P 500 lost nearly 2% last week, its biggest weekly decline since late June. The Nasdaq fell 4.5%, snapping a four-week winning streak.
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