After a grueling couple of days for tech stocks—propelled by drama and speculation around CoreWeave’s debt—traders bought the dip in the past 24 hours, and stocks rose globally. U.S. futures are up before the open in New York, too.
Much of the gains were in non-tech stocks. While the S&P 500 gained 0.33% yesterday, the tech-heavy Nasdaq was flat, and the equal-weight S&P was up a solid 1.36%. “378 names in the S&P 500 were higher on the day,” Deutsche Bank’s Jim Reid noted. The index remains within 1% of its record high.
