#MarketRebound The market rebound is showing promising signs with major indices making significant turnarounds. Here are some key updates:
Market Performance
- *S&P 500:* Recently closed above the 6,000 level, marking a full recovery from its early-April dip. The current price is around 6,022.10, with a 0.25% increase.
- *Nasdaq:* The Nasdaq-100 and broader tech-led indices have turned positive year-to-date in 2025. The current price is around 21,852.20, with a 0.24% increase ¹ ².
Sector-wise Trends
- *Tech Stocks:* Mega-cap tech stocks, including Apple, Microsoft, Nvidia, and Meta, have been at the forefront of the rally. Semiconductor and chip stocks have also seen strong rebounds amid hopes for eased U.S.-China tech export restrictions.
- *AI and Electric Vehicles:* Stocks linked to AI and electric vehicles have performed well, driven by robust earnings and easing U.S.-China trade tensions. Companies like Alibaba Group Holding and VNET Group have seen significant gains.
Economic Indicators
- *Jobs Report:* The May jobs report showed 139,000 new jobs, slightly above expectations, and the unemployment rate remained steady at 4.2%.
- *Inflation:* The market is waiting for the monthly inflation reports, which could impact market sentiment.
Market Outlook
- *Trade Optimism:* Resumed U.S.-China discussions have boosted market sentiment, with investors hoping for broad tariff reductions.
- *Volatility:* The VIX, or Wall Street's fear gauge, has dropped toward long-term averages, indicating reduced market volatility ³ ⁴.