Stocks Push Higher After Turbulent Week
U.S. stocks moved higher on Monday, extending a rebound that began late last week after one of Wall Street’s most volatile stretches of the year.
The S&P 500 gained roughly 0.5%, while the Nasdaq Composite climbed nearly 1%, led by strength in large-cap technology. The Dow Jones Industrial Average hovered near flat but held comfortably above the 50,000 level, a milestone reached at the end of last week.
Markets are attempting to regain footing after sharp swings driven by concerns over artificial intelligence spending, stretched valuations, and uneven earnings reactions across the tech sector.=
Tech Rebounds — But Software Anxiety Lingers
Large-cap tech helped drive the rebound, with several bellwether names recovering from last week’s selloff:
- Nvidia and AMD both rose more than 3%
- Oracle surged nearly 10%
- Microsoft added over 2%
However, weakness in the software sector underscored lingering investor unease. Shares of Monday.com plunged as much as 22% after the company issued revenue and profit guidance that fell short of expectations, reigniting concerns around AI disruption and pricing pressure in enterprise software.
The mixed performance highlights a market that remains selective, rewarding scale and infrastructure exposure while punishing perceived vulnerability.
Gold and Bitcoin Stay in Focus
Outside equities, alternative assets remained in focus following sharp moves last week.
- Gold futures climbed back above $5,000 per ounce, continuing a recovery after last week’s historic pullback.
- Bitcoin slipped back below $69,000, after suffering its steepest single-day decline since 2022 late last week.
Both assets were heavily impacted by last week’s volatility, as traders reduced risk amid sharp shifts in sentiment across global markets.
Eyes on Jobs Data and Earnings
On the macro front, investors are largely in wait-and-see mode ahead of a critical data stretch.
The delayed January jobs report is scheduled for release on Wednesday, with markets watching closely for further signs of cooling in the labor market after last week’s weaker-than-expected ADP payrolls data. Consumer inflation data is due Friday, adding another potential catalyst.
Earnings season also continues to provide stock-specific drivers. Results due this week include:
- ON Semiconductor after Monday’s close
- Coca-Cola, McDonald’s, and Cisco later in the week
WSA Take
The market’s rebound looks more like stabilization than conviction. Big Tech is finding support again, but the sharp punishment of weaker software names shows investors are still on edge about growth durability in an AI-driven market.
With jobs data and inflation figures looming, this bounce remains fragile. For now, Wall Street appears willing to step back in — but only selectively, and with one eye firmly on the exits.
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