U.S. equities rebound midday with Dow up 0.72% as falling oil prices boost investor sentiment amid mixed tech earnings.
The Dow Jones Industrial Average rose 0.72% to 52,082 at 11:31 AM ET, outpacing the S&P 500’s 0.59% gain to 7,452 and the Nasdaq’s 0.09% increase to 25,161. The rebound follows yesterday’s sell-off, driven by a decline in oil prices and renewed focus on blue-chip stocks amid geopolitical developments in the Middle East.
Gold climbed 0.74% to $4,080.10, while the 10-year Treasury yield edged up 0.04% to 4.71%. Tech stocks underperformed, with Intel falling 4% on heavy capital spending concerns despite an earnings beat. Alphabet saw modest gains, while SpaceX dropped to an all-time low as investors reassessed valuations post-IPO.
Investors are rotating into defensive sectors as uncertainty over tech capital expenditures and Middle East tensions persists. Oil prices and earnings reports will likely continue shaping market sentiment into next week.