Stocks Rebound as AI Rally Resumes, Oil Eases – US Market Wrap

Stocks rose, oil pulled back, yields were steady, and the dollar was little changed as dip buyers returned to the market.

Wall Street staged a comeback as dip buyers stepped in, lifting equities amid renewed enthusiasm around AI and bets that a resilient economy will continue to support Corporate America. Chipmakers including Nvidia and Micron led gains, jumping 5.6% after their biggest selloff since 2020, helping the S&P 500 resume its advance from war-driven lows even as most stocks declined. The Nasdaq 100 rose 1.6%, while Apple slipped 1.9% after a muted reaction to its next-generation AI platform.

Momentum traders re-entered after a brief pause in the rally that had pushed stocks to record highs, reinforcing confidence in the bull market. Sentiment was also supported as oil pared earlier gains after Iran and Israel signaled a willingness to ease strikes that had threatened peace talks.