Market gains centered on large tech firms. The S&P 500 climbed about 1.4% in morning trade, and the NASDAQ 100 added close to 2.3%, outperforming the Dow Jones Industrial Average, which rose 0.6%. Futures had already pointed higher after last week’s volatility tied to stretched AI valuations. Analysts said bargain buying and positioning ahead of key data helped stabilize sentiment.
European equities followed the US lead. The Stoxx Europe 600 rose about 0.4%, supported by gains in global tech and e-commerce stocks, including Alphabet and Alibaba. Traders continued to watch defense shares, which slipped as headlines suggested progress toward US-backed talks on a Russia-Ukraine settlement.
Currency moves stayed modest but reflected a cautious risk mood. The Bloomberg Dollar Spot Index edged higher, while the euro held near $1.15. Sterling slipped slightly, and the yen weakened past 157 per dollar as US yields stayed relatively firm. The MSCI World Index rose close to 1%, showing that the stock rebound spread beyond the US.