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<ul class="summary-list"><li>US stocks rose Monday as investors rebounded from the year's worst weekly decline.</li><li>The S&amp;P 500 fell over 4% last week after the August jobs report missed estimates.</li></ul>US stocks traded higher on Monday as investors attempted to rebound <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-today-worst-week-august-jobs-report-recession-fears-2024-9">from the worst weekly decline of the year.</a>The <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> dropped more than 4% last week, its worst weekly loss since March 2023, after the August jobs report failed to meet economist estimates.Looking ahead, investors will be focused on new inflation data, with the consumer price index report for August set to be released Wednesday morning.Average economist estimates suggest prices rose 2.6% year-over-year last month, a sizable drop from the 2.9% reading seen in July.According to Capital.com senior market analyst Daniela Hathorn, a light CPI reading could help determine how much the Federal Reserve cuts interest rates at its FOMC meeting next week.If CPI comes in at 2.6%, it would represent the lowest inflation reading since March 2021, and it would afford the Fed more flexibility to focus more on supporting employment growth than worrying about inflation."The disinflation process has stalled in recent months but if forecasts are right, the August drop could see expectations lean closer to a 50 basis point cut throughout this week, possibly giving risk assets another leg higher," Hathorn said in an email to Business Insider.The CME FedWatch Tool currently expects a 25 basis point rate cut from the Fed next week, with just a 25% chance for a 50 basis point cut.Investors will also turn their attention to <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/apple-stock-price-prediction-iphone-16-event-next-week-surprise-2024-9">Apple's iPhone 16 launch announcement</a> scheduled for later this afternoon, the <a target="_blank" class="" href="https://www.businessinsider.com/trump-harris-presidential-debate-preview-2024-9">Presidential debate between Kamala Harris and Donald Trump</a> on Tuesday evening, and the release of initial jobless claims Thursday morning.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,456.53, up 0.89% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,614.38, up 0.67% (_268.97 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 16,885.81, up 1.17% </li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/harris-trump-momentum-presidential-race-debate-polls-2024-9">Here's why the presidential race between Trump and Harris remains a virtual dead heat.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/stock-market-outlook-major-flaw-7-trillion-cash-bull-thesis-2024-9">There's a major flaw in the stock market's most bullish thesis.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/aging-world-population-stock-market-risk-jpmorgan-returns-valuations-growth-2024-9">A shrinking world population is bad news for the stock market, according to JPMorgan.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/10-us-cities-metros-housing-market-home-prices-texas-florida-2024-9">Home prices are falling the fastest in these 10 US cities, according to data from Realtor.com.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil increased 0.37% to $67.92 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, jumped 0.31% to $71.28 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was up 0.38% to $2,534.10 an ounce.</li><li>The 10-year Treasury yield was higher by 2 basis points at 3.732%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 0.93% to $55,389.</li></ul>

Stock market today: US stocks rise as traders try to rebound after worst week of the year

<ul class="summary-list"><li>US stocks rebounded Monday, with the S&amp;P 500 gaining over 1% after last week's losses.</li><li>Investors are optimistic ahead of key inflation data to be released on Wednesday. </li></ul>US stocks staged a rebound on Monday from last week's painful losses.The S&amp;P 500 gained just over 1%, recouping about a quarter of its 4% decline last week.Investors pushed stocks higher ahead of key inflation data this week.The consumer price index report for August will be released Wednesday morning. Average economist estimates suggest prices rose 2.6% year-over-year last month, a sizable drop from the 2.9% reading seen in July.According to Capital.com senior market analyst Daniela Hathorn, a light CPI reading could help determine whether the Federal Reserve cuts interest rates by 25 or 50 basis points at its policy meeting next week."The disinflation process has stalled in recent months but if forecasts are right, the August drop could see expectations lean closer to a 50 basis point cut throughout this week, possibly giving risk assets another leg higher," Hathorn said in an email.The CME FedWatch Tool shows investors expect a 25 basis point rate cut from the Fed next week, with just a 25% chance for a 50 basis point cut.The CPI data will be followed by the producer price index on Thursday morning, which market veteran Louis Navellier believes will help push yields lower."With the Fed's favorite inflation indicator, the core Personal Consumption Expenditure (PCE) index rising at only a 1.7% annual pace in the past three months, I am expecting favorable CPI and PPI data to further help drive Treasury yields lower," Navellier said in a Monday note.Here's where US indexes stood at the 4:00 p.m. closing bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,471.05, up 1.16% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,829.59, up 1.2% (+484.18 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 16,884.60, up 1.16% </li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/apple-event-iphone-16-announcement-live-updates-2024-9">Apple unveiled several new products on Monday with AI-focused features, including the Apple Watch Series 10, AirPods 4, and iPhone 16.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/harris-trump-momentum-presidential-race-debate-polls-2024-9">Here's why the presidential race between Trump and Harris remains a virtual dead heat.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/stock-market-outlook-major-flaw-7-trillion-cash-bull-thesis-2024-9">There's a major flaw in the stock market's most bullish thesis.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/aging-world-population-stock-market-risk-jpmorgan-returns-valuations-growth-2024-9">A shrinking world population is bad news for the stock market, according to JPMorgan.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/10-us-cities-metros-housing-market-home-prices-texas-florida-2024-9">Home prices are falling the fastest in these 10 US cities, according to data from Realtor.com.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/palantir-stock-price-soars-ai-company-added-sp500-index-pltr-2024-9">Palantir soared as much as 14% on Monday after it was revealed the company would be added to the S&amp;P 500 later this month.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil increased 1.37% to $68.60 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, jumped 0.93% to $71.72 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was up 0.39% to $2,534.50 an ounce.</li><li>The 10-year Treasury yield was lower by 1 basis point to 3.703%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 4.13% to $57,144.</li></ul>

Stock market today: Dow jumps 484 points as US stocks rebound ahead of key inflation report

<ul class="summary-list"><li>This month's sell-off was "a warning shot," Goldman's head of asset allocation research said.</li><li>He said it's concerning how fast the market has recovered.</li></ul>The stock market was quick to recover after a brutal sell-off earlier this month — and that's a reason to be cautious, according to Goldman Sachs's head of asset allocation research."What's concerning now is how quickly the market has gone back to where we were before, and we can discuss that, but certainly that shows that we are sadly nearly back to the same problem we were at a month ago," Christian Mueller-Glissmann said in an appearance on CNBC on Wednesday. He called the sell-off "a bit like a warning shot," indicating the possibility for more volatility ahead.The S&amp;P 500 lost 3% on August 5, its biggest daily drop since 2022 amid an unwinding of the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-crash-carry-trade-yen-boj-interest-rates-selloff-2024-8?utm_medium=ingest&amp;utm_source=markets">yen carry trade</a> and worries of a US recession sparked by a weak July jobs report. The market quickly pared those losses, however. The Dow Jones Industrial Average has risen more than 6% and the S&amp;P 500 has climbed 8% since the sell-off, fueled by investors' confidence in a September rate cut and positive economic data that revived hopes for the economy to stick a soft landing. But Mueller-Glissmann says investors shouldn't be so quick to let their guard down."Going into this, you had like one or two months where positioning and sentiment was at the upper end of the range. People were bullish," Mueller-Glissmann said.At the time, he worried about the possibility of a correction because of weak macro momentum."You had negative US macro surprises for one and a half months before that, and you actually started to see Europe and China macro surprises turn negative as well," he said.Now, the market seems to have rebounded, which Mueller-Glissmann says is understating risk, even if the sell-off on August 5 was "obviously a huge technical overreaction."He says that while the market has bounced back, investor sentiment hasn't."What I would say is, the good news is while the S&amp;P is back to where we were before, the complacency isn't. We're not at the same kind of extreme bullish sentiment and positioning," he said.Other commentators have also noted that the sell-off may have been just a taste of more volatility to come. Shortly after the market clawed back its losses, JPMorgan analysts said the rout was a <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-economic-growth-yen-carry-trade-2024-8">'dress rehearsal' for what's to come</a> amid growth concerns, while LPL Financial's chief equity strategist says to <a target="_blank" href="https://www.businessinsider.com/stock-market-pullback-correction-slowing-economy-buy-the-dip-lpl-2024-8">expect a double-digit S&amp;P 500 decline</a> in the next few weeks.

The quick rebound after this month's brutal stock-market rout is a cause for concern, Goldman says

<ul class="summary-list"><li>US stocks jumped on Tuesday, rebounding from Monday's sharp decline.</li><li>The S&amp;P 500 and Nasdaq 100 rose 1%, driven by investor fears of a potential recession subsiding.</li></ul>Investors were whiplashed Tuesday as stocks rebounded <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-crash-picks-up-recession-fears-carry-trade-unwind-2024-8">following Monday's sharp decline.</a>The S&amp;P 500 and Nasdaq 100 jumped about 1% in Tuesday's trading session, as investors grappled with whether <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-crash-carry-trade-yen-boj-interest-rates-selloff-2024-8">the unwind of the yen carry trade was a short-term technical factor.</a>Concerns of an imminent recession following the trigger of the Sahm Rule last week <a target="_blank" class="" href="https://www.businessinsider.com/sahm-rule-recession-unemployment-federal-reserve-interest-rates-cut-2024-8">were dismissed by the inventor of the rule,</a> former Fed official Claudia Sahm, who told Business Insider that the surge in the unemployment rate is being driven by an increase in labor supply rather than a decrease in labor demand."The US economy is still growing. We are still adding jobs. We are spending even after inflation," Sahm said.Meanwhile, Wall Street strategists said that the current decline in the stock market, with the S&amp;P 500 being down about 8% since its July record on Monday, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-bear-decline-unlikely-only-3-signals-flash-2024-8">is completely normal.</a>"While such sharp declines in equity prices are concerning, looking back at historic data on the S&amp;P 500 index reminds us that dips, pullbacks and corrections of 10% or more are a normal and healthy part of any bull market. On average, stocks experience a pullback of over 5% over three times per year and a correction of 10% or more around once per year — even in positive years," LPL portfolio strategist George Smith said.The CBOE Volatility Index, better known as the VIX, plunged 29% on Tuesday. That decline signals that investors are using the past week's stock market decline as an opportunity to buy stocks.The gains on Tuesday were broad-based, with four sectors printing gains of about 2% or more. Shares of <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/META-stock">Meta Platforms</a> surged about 4%, while <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/lly-stock">Eli Lilly</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/brk-b-stock">Berkshire Hathaway</a> jumped about 2%.<a target="_blank" class="" href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> CEO David Solomon swatted down the idea of emergency interest rate cuts from the Federal Reserve, as he doesn't see an imminent recession on the table."I don't expect that you'll see anything before September," <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-08-06/solomon-says-fed-will-forgo-emergency-cut-despite-weak-jobs-data">Solomon said of a Fed interest rate cut.</a> "The economy will chug along and we probably won't see a recession."Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,240.03, 1.04% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 38,997.66, up 0.76% (+294.39 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 16,366.85, up 1.03% </li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-bear-decline-unlikely-only-3-signals-flash-2024-8">Bank of America strategist Savita Subramanian said the S&amp;P 500 is unlikely to enter a bear market anytime soon.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/buy-defensive-stocks-to-weather-historic-stock-market-volatility-bofa-2024-8">These are the sectors and stocks investors should consider buying during the current stock market volatility, according to BofA.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/fed-rate-cuts-recession-outlook-emergency-cut-economy-el-erian-2024-8">Top economist Mohamed El-Erian said an emergency interest rate cut from the Fed would be a mistake.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/business-leaders-respond-kamala-harris-selects-tim-walz-vp-2024-8">Vice President Kamala Harris selected Minnesota Governor Tim Walz as her running mate for the upcoming Presidential election.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil rose 0.33% to $73.18 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, increased 0.21% to $76.46 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was lower by 0.65% to $2,428.40 per ounce.</li><li>The 10-year Treasury yield rose 9 basis points to 3.89%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> jumped 4.80% to $56,626.</li></ul>

Stock market today: Indexes jump as traders try to rebound from Monday's losses

<ul class="summary-list"><li>US stocks rallied after a three-day skid following encouraging new inflation data.</li><li>The data boosted hopes that the Fed will start cutting interest rates by September.</li></ul>US stocks rose Friday morning, regaining momentum after three days of losses.The bounce back follows June's personal consumption expenditures index, which mostly aligned with expectations and showed a moderate rise in consumer prices. Headline PCE rose 0.2% from May and 2.6% year-to-year.The print helped bolster market convictions that the Federal Reserve can cut interest rates in September.According to the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html">CME FedWatch Tool</a>, traders no longer expect rates to remain the same that month. Instead, investors indicated 87.7% odds of a 25-basis point cut, and 11.9% odds of a 50-basis point cut."Across most key categories, particularly housing inflation, the positive disinflationary momentum continues," Fitch Rating's head of US economic research Olu Sonola said. He added: "With one eye on recent labor market developments, the Fed is now likely to use the meeting next week to set the stage for a September rate cut."These reinforced outlooks caused the Nasdaq 100 and S&amp;P 500 to rise. This week, creeping doubt in large-cap tech stocks rally spurred investors to rotate out of the sector, pulling both indexes down 3.67% and 2.6% through the past week, respectively.Treasury yields dipped Friday morning.Here's where US indexes stood at the 9:30 opening bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,444.60, up 0.8%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,494.55, up 1.4% (559 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,284.29, up 0.6%</li></ul>Here's what else is going on today:<ul><li><a target="_blank" href="https://www.businessinsider.com/next-recession-outlook-forecast-interest-rate-cuts-sahm-rule-unemployment-2024-7">Cutting interest rates now to stop a recession may already be too late</a>, former Fed president says.</li><li><a target="_blank" href="https://www.businessinsider.com/recession-outlook-job-market-layoffs-unemployment-rate-hiring-economy-2024-7">US labor has come close to a 'danger zone,'</a> Claudia Sahm says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-august-small-caps-rate-cuts-tom-lee-2024-7">Small caps will surge 15% next month alone</a>, Fundstrat's Tom Lee said.</li><li><a target="_blank" href="https://www.businessinsider.com/us-housing-market-hurting-home-appliance-sales-whirlpool-real-estate-2024-7">Weak housing market activity is weighing down on big-ticket housing appliances</a>, Whirlpool says.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures were down. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil slid 0.51% to $77.89 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, was down 0.64% to $81.84 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> gained 0.58% to $2,378.5 an ounce.</li><li>The 10-year Treasury yield fell three basis points to 4.218%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin </a>rose 2.20% to $67,245.</li></ul>

Stock market today: Indexes rebound as inflation data reinforces Fed rate-cut bets

<ul class="summary-list"><li>The tech sector drove US stocks higher on Monday ahead of key economic data releases this week.</li><li>The Nasdaq 100 and S&amp;P 500 both rose over 1%, reversing some of last week's sharp decline.</li></ul>US stocks surged on Monday, with technology stocks leading the way as investors brace for a slew of earnings results and economic data.The <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> were both up more than 1%, helping reverse some of last week's painful decline, which was the worst weekly decline since April.Investors will be focused on two big economic data points this week, as well as a steady flow of second-quarter earnings results.Second-quarter GDP data will be released Thursday morning, with economists expecting growth of 1.9%.That will be followed by the Federal Reserve's preferred inflation gauge, the PCE index, at 8:30 a.m. on Friday. Economists expect the June Core PCE index to rise 2.5% year over year, which is not far off from the Fed's long-term inflation target of 2%.On the earnings front, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-q2-earnings-report-preview-expectations-tsla-stock-price-robotaxi-2024-7">investors will get results from Tesla</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/googl-stock?miRedirects=1">Alphabet</a> after the market close on Tuesday. Other companies reporting results this week include <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/v-stock?miRedirects=1">Visa</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/txn-stock?miRedirects=1">Texas Instruments</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/cmg-stock?miRedirects=1">Chipotle</a>, and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/ko-stock?miRedirects=1">Coca-Cola</a>.So far, 14% of S&amp;P 500 companies have reported second-quarter results. Of those, 86% have beaten profit estimates by a median of 4%, while 62% have beaten revenue estimates by a median of 3%, according to data from Fundstrat.Here's where US indexes stood at the 4:00 p.m. closing bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,564.41, up 1.08%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,415.44, up 0.32% (+127 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,007.57, up 1.58%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/warren-buffett-valuation-signal-flashes-warning-market-cap-gdp-ratio-2024-7">Warren Buffett's favorite valuation indicator just hit a record high, flashing warning signs for future stock market returns.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/ether-price-etfs-launch-outlook-crypto-bitcoin-rally-ethereum-2024-7">Get ready for a flood of ether ETFs to hit the market. Here's how Wall Street is bracing for impact.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/real-estate-home-prices-correction-housing-market-buying-a-house-2024-7">The housing market is close to flashing a rare buying opportunity with prices set to drop in pandemic boom towns.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/broadcom-vs-nvidia-ai-stock-investor-sentiment-citi-chips-avgo-2024-7">Investor sentiment towards Broadcom is beginning to heat up, according to a note from Citi.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/russia-war-semiconductor-chip-advanced-tech-exports-us-sanctions-china-2024-7">US sanctions have tanked Russian semi-chip imports from China and Hong Kong.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/china-economy-interest-rate-cuts-demand-consumer-sentiment-plenum-2024-7">China slashed interest rates in a surprise move to boost its slumping economy.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil was down 0.39% to $78.33 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, declined 0.34% to $82.35 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was flat at $2,399.20 per ounce.</li><li>The 10-year Treasury yield increased one basis point to 4.25%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 0.01% to $68,183.</li></ul>

Stock market today: Tech drives market rebound as investors brace for earnings and fresh data

<ul class="summary-list"><li>Nvidia and TSMC rose nearly 3%, while AMD and Intel rose about 1% on Thursday morning. </li><li>TSMC reported a 36% rise in quarterly profit, and raised its full-year guidance for revenue growth. </li></ul>Chip stocks were up on Thursday after the sector sold off sharply in the previous session on fears of a widening crackdown on trade with China. Chip stocks <a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-tighter-china-trade-restrictions-tsm-asml-nvda-2024-7">tumbled across the board</a> Wednesday. Nvidia shares fell 6.62%, while TSM and AMD's shares fell almost 8% and over 10%, respectively.Investors on Thursday, however, were looking to stage a rebound, with shares of Nvidia and TSM up about 2%, while AMD and Intel rose about 1%. The rebound comes after TSMC reported strong second-quarter earnings, with a 36% year-over-year rise in quarterly profit. The jump in profit is a result of its strong chip sales, as its high performance computing segment saw a 28% rise in sales for last quarter. TSMC seems to be betting on the AI industry continuing to grow, upping its full-year revenue growth projections from low- to mid-20% up to mid-20%. The company projects between $22.4 billion to$23.2 billion in third-quarter revenue.TSMC shares fell sharply Wednesday after Donald Trump said in an <a target="_blank" class="" href="https://www.bloomberg.com/features/2024-trump-interview/">interview published by Bloomberg</a> that Taiwan "did take about 100% of our chip business," and the country should pay the US for its defense. TSMC stock traded in Taiwan was down over 2% Thursday.Semiconductor names suffered broadly on Wednesday after reports that President Joe Biden's administration is considering stricter controls on trade with China.

Chip stocks try to rebound as TSMC earnings lift hopes after steep sell-off

<ul class="summary-list"><li>Nvidia stock reversed a three-day drop, boosting the S&amp;P 500 and Nasdaq.</li><li>The AI giant had seen a $430 billion wipeout days after becoming the biggest company in the world. </li></ul>An end to <a target="_blank" href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia's</a> rout brought new life to the stock market on Tuesday, sending the S&amp;P 500 and Nasdaq churning higher in the session. The AI chip darling gained nearly 7%, reversing a decline that <a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-sell-off-erases-431-billion-market-value-2024-6?_gl=1*1cnpo6h*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxOTM0MjExNS4zNjIuMS4xNzE5MzQ0MTQ3LjYwLjAuMA..">cost it $431 billion in market capitalization in a matter of days</a>. Given a lack of fundamental drivers, analysts have explained the sell-off as profit taking following a monster rally so far in 2024. Other mega-cap tech leaders also recovered alongside Nvidia, with <a target="_blank" href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a>, <a target="_blank" href="https://markets.businessinsider.com/stocks/meta-stock">Meta</a>, and <a target="_blank" href="https://markets.businessinsider.com/stocks/goog-stock">Google </a>all up in Tuesday trades. Meanwhile, the latest consumer confidence report eased on Tuesday, although its subcategories showed improvement."The job market is key to future consumer spending. Although consumers became a bit more cautious about the future, they feel pretty good about the present situation. Inflation expectations improved, incomes seem stable, and consumers feel good about the job market," LPL Financial chief economist Jeffrey Roach said.Investors are keeping watch for Friday's personal consumption expenditures release, which will help determine US inflation and future monetary policy. So far, the Federal Reserve is tilting towards a hawkish stance, after Fed Governor Michelle Bowman indicated chances of another rate hike."I remain willing to raise the target range for the federal funds rate at a future meeting should progress on inflation stall or even reverse," she said on Tuesday. Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday: <ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,469.30, 0.39% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 39,112.16, down 0.76% (-299.05 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,717.65, up 1.26%</li></ul>Here's what else happened today:<ul><li><a target="_blank" href="https://www.businessinsider.com/real-estate-crash-property-correction-prices-foreclosures-mortgage-defaults-banks-2024-6">The housing market is primed for a leg down</a>, a strategist warned.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/djt-stock-price-outlook-donald-trump-media-truth-social-2024-6?_gl=1*5529z4*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxOTM0MjExNS4zNjIuMS4xNzE5MzQyOTI2LjYwLjAuMA..">Trump Media's valuation is 'absurdly' high</a>, LinkedIn co-founder says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/next-stock-market-correction-labor-market-unemploymentrate-cuts-mike-wilson-2024-6?_gl=1*3a3ibg*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxOTM0MjExNS4zNjIuMS4xNzE5MzQyOTg4LjYwLjAuMA..">If labor markets rupture the soft-landing narratives, markets could be in for a 10% correction</a>, Morgan Stanley CIO says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-extreme-concentration-sp500-record-2022-bear-market-schwab-2024-6?_gl=1*1f45xmk*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxOTM0MjExNS4zNjIuMS4xNzE5MzQzMDI2LjIyLjAuMA..">Stock dynamics are starting to represent conditions before the last bear market crash</a>, Charles Schwab said.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-july-best-days-of-year-equity-performance-2024-6?_gl=1*gud1iy*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxOTM0MjExNS4zNjIuMS4xNzE5MzQzMDc3LjQ0LjAuMA..">The market could surge 4% to record highs by the end of July — here's how</a>, according to Goldman Sachs.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil shed 0.95% to $80.76 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, dropped 2.1% to $84.97 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> decreased by 0.42% to $2,323.60 per ounce.</li><li>The 10-year Treasury edged lower by one basis point to 4.23%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> gained 2.7% to $61,993.</li></ul>

You Searched For "rebound" and got 8 results

Stock market today: US stocks rise as traders try to rebound after worst week of the year

Matthew Fox

Stock market today: Dow jumps 484 points as US stocks rebound ahead of key inflation report

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The quick rebound after this month's brutal stock-market rout is a cause for concern, Goldman says

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Stock market today: Indexes jump as traders try to rebound from Monday's losses

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Stock market today: Indexes rebound as inflation data reinforces Fed rate-cut bets

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Stock market today: Tech drives market rebound as investors brace for earnings and fresh data

Matthew Fox

Chip stocks try to rebound as TSMC earnings lift hopes after steep sell-off

Kelly Cloonan

Stock market today: US indexes rebound as Nvidia's revival sets off a tech rally

Filip De Mott

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