U.S. indices surged Thursday, with the Nasdaq 100 recovering all of Wednesday’s decline amid strong tech sector demand.
Major U.S. stock indices closed sharply higher, driven by a rebound in technology shares. The Nasdaq 100 erased all of Wednesday’s losses, while the S&P 500 recovered its prior-session decline. The Dow Jones Industrial Average climbed over 600 points, recouping more than half of Wednesday’s 1,100-point drop.
The rally followed a broad selloff that prompted buyers to re-enter risk assets. Reports suggest forced liquidations by hedge funds, including Situational Awareness, may have contributed to the rebound, as deep-pocketed firms like Citadel acquired undervalued positions.
AI and semiconductor stocks, including Nebius Group and Bloom Energy, led the recovery, signaling a potential easing of selling pressure in the sector.