The S&P 500 Index ($SPX) (SPY) today is up +1.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.97%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.52%. December E-mini S&P futures (ESZ25) are up +1.12%, and December E-mini Nasdaq futures (NQZ25) are up +1.48%.
Stock indexes are sharply higher today as they recover some of the losses from last Friday’s plunge. Asset markets are rebounding today after the Trump administration softened its rhetoric toward China. Chipmakers and AI infrastructure stocks are also rallying today, led by a +10% jump in Broadcom after OpenAI signed a multiyear agreement with the company to collaborate on custom chips and networking equipment, which could add 10 gigawatts’ worth of AI data center capacity.
