The S&P 500 and the Dow Jones Industrial Average followed the Nasdaq’s lead, with the Dow climbing nearly 500 points, or 0.9%. This session marks a shift in sentiment after weeks of stagnation, during which concerns over Middle East hostilities, rising oil prices, and the emergence of advanced Chinese artificial intelligence models cooled the market’s previous momentum.
Despite the session's gains, macroeconomic headwinds persist. Brent crude futures recently hit their highest levels since mid-June, fueled by ongoing instability in the Middle East. Simultaneously, Treasury yields continue to climb as market participants weigh the growing threat of persistent inflation against the optimism surrounding upcoming tech results.
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