Tech Surge Drives US Stock Rebound as Boeing Plunges

1 min read
Source: Yahoo Finance
Tech Surge Drives US Stock Rebound as Boeing Plunges
Photo: Yahoo Finance
TL;DR Summary

US stocks rebounded as big tech led a rally, with the Nasdaq 100 outperforming and Nvidia Corp. surging, while Boeing Co. tumbled after its 737 Max 9 model was temporarily grounded. Key inflation data and bank earnings are expected this week. Treasury yields and the dollar fell, while oil slid to around $70. Corporate highlights include A.P. Moller - Maersk A/S and Hapag-Lloyd AG denying any pact with Yemen’s Houthi rebels, and Lululemon Athletica Inc., Abercrombie & Fitch Co., and American Eagle Outfitters Inc. raising their sales outlooks. Key events this week include China's aggregate financing and money supply, Eurozone unemployment, US trade and wholesale inventories, and the release of the World Economic Forum’s global risks report.

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