News Made Clear · Loading…
Category
Regions
Continents
US tech shares rebound after sharp losses as AI stocks recover
Loading statistics…
The Nasdaq and S&P 500 rose on Monday as AI shares recovered from steep recent falls, though higher-rate concerns had driven both indices to their worst weekly losses since June.
Review information is loading.
US technology shares rebounded on Monday after last week’s sharp losses, as investors bought AI-related stocks and slightly cheaper oil offered some support to the wider market. Oil prices nevertheless remained at their highest level in five months, according to ANP, in a report published by Nieuws.nl. [1]
The Nasdaq rose 1.1% to 26,430.89 points, while the S&P 500 gained 0.4% to 7,690.73. The Dow Jones Industrial Average slipped fractionally to 51,966.03. [1]
The gains followed a difficult week for the two main US indices: the S&P 500 fell 2% and the Nasdaq 4.5%, their biggest weekly declines since June. The report attributed the sell-off chiefly to investor concerns that higher interest rates could constrain spending on AI infrastructure, particularly by data-centre operators. Monday’s rise marked a recovery, but did not erase those losses.
How do we know?
1 listed sources · explore evidence, limitations and provenance.
Sign in to give this article a thumbs up or down.
About this discussion and AI questions
Private test discussion. Comments are readers’ views and are not yet automatically fact-checked. Editing is available for 60 seconds after posting.
Sign in with a confirmed reader account and choose a username to read comments and participate.
Sorting applies to top-level comments; replies remain oldest first. New comments and likes can change the order. Refresh for the current ranking.
Loading comments…