The Nasdaq 100 just posted its best day since September 21, one week after it lost 5.5%

The tech heavy index closed up 1.17% Monday. The Nasdaq rose 1.1% to 26,430.89 and the S&P 500 gained 0.4% to 7,690.73, while the Dow slipped 0.1% to 51,966.03

$Amazon(AMZN.US) led the Magnificent 7 with a 5% jump, its best day since July 31, adding roughly $130 billion in market value. Morgan Stanley said AWS growth could hit 47% in 2027, and $Amazon(AMZN.US) is funding a 960 MW nuclear project in Indiana

$Tesla(TSLA.US) rose 3.8%, $NVIDIA(NVDA.US) 1.4%, $Alphabet(GOOGL.US) 1.1% and $Microsoft(MSFT.US) 0.8%. $Apple(AAPL.US) and $Meta Platforms(META.US) were the only Mag 7 names in the red

Chips bounced after last week's rout, with $SOXX up 1.7% and $Broadcom(AVGO.US) up 1.8%

Not everything held. $Coreweave(CRWV.US) was up as much as 7.3% early and closed down 0.4%

The 10 year Treasury yield rose about 4 bps to 5.14%, WTI crude fell 3% to about $98 and the VIX dropped 8% to 18.4

A relief rally led by a few megacaps isn't an all clear. The Dow finished red, $Coreweave(CRWV.US) gave back its whole bounce and the 10 year is still above 5%, so the real test is the first big AI earnings reports and whether all that spending is finally paying off

Source: StockMarket.News