Market Rebound Lifts Nasdaq 2%, S&P 500 1.6%
- Barry Adams
- U.S.A. New York City
The S&P 500 index and Nasdaq Composite gained 1.5% and 2% respectively. The benchmark indexes opened higher and steadily climbed higher ahead of earnings from tech bellwethers. Crude oil price fell 5% and natural gas price dropped 8% fueling investor optimism. However, 10-year U.S. Treasury bond yield rose to 2.938%. Airlines stocks and tech stocks led the gainers.
Annual Returns
| Company | Ticker | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| International Business Machines Corporation | IBM | 0% | -1% | 36% |
| Netflix Inc | NFLX | 0% | -3% | 87% |
| American Airlines Group Inc | AAL | 0% | -1% | 25% |
| Alphabet Inc | GOOG | 5% | 65% | 35% |
| Xerox Corporation | XRX | 0% | -13% | -48% |