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US stocks climb as investors regain confidence after tech selloff
US stocks climbed as investors regained confidence after a technology selloff, and the S&P 500 erased its midterm losses. Analysts questioned whether the rally can last, which matters for anyone with money in stock funds.
US stocks climbed as investors regained confidence following a selloff in technology shares. A wave of dip buying, meaning investors buying after prices fall, pushed stocks toward their best day since April. The gains came even as Nvidia's shares faced difficulties.
The S&P 500 erased the losses it had built up during the midterm period. Bitcoin also bounced. Oil prices fell during the session, and the broader market gained as a result.
Nasdaq Composite25,189.46down −5.63%over 1 monthPrices can be delayed by 15 minutes or more. Past moves say nothing about future ones.
Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discussed bearish sentiment in the markets. She also described compressed equity valuations, meaning share prices are low relative to company earnings.
Other commentary has questioned whether the rally can last. Some analysts have called certain chip stocks bargains, but the rally's durability remains an open question.
GuideFear and Greed Index today: how fearful or greedy US stock investors are
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