The artificial intelligence and software markets rebounded, with the Nasdaq index outperforming the S&P 500.
Software stocks rebounded and the S&P 500 index rose to near record highs, driven by Oracle's rating upgrade and an AI trading recovery led by Nvidia.
Despite the rebound on Monday, "Big Brother" said, "Considering Goldman Sachs' report last week showed a large number of hedge funds shorting tech stocks, this is likely short covering.
The information technology sector led the gains in today's session. "Big Brother" said the market remains cautious ahead of this week's labor market and inflation data.
Overall, the S&P 500 index remains very fragile, "Big Brother" added, despite Oracle (ORCL) shares rising 9.8% and AppLovin (APP) shares rising 13.4%.
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