Nasdaq 100 Rallies on Chip Rebound; Brazil ETF Sinks 21%: Stock Market Today
Key takeaways
- U.S. tech and AI stocks rally, while Brazil faces a steep sell‑off, reflecting a shift in risk appetite.
- Nasdaq 100 up 1.2% to 29,306
- S&P 500 up 0.8% to 7,681
- Dow up 0.3% to 52,349
What happened
The Nasdaq 100 climbed 1.2% to 29,306 as chipmakers and AI‑hardware names rallied, while the S&P 500 added 0.8% to 7,681 and the Dow rose 0.3% to 52,349. Nvidia jumped 2.2%, Microsoft gained 1%, and Apple fell 1.1%. Tesla surged 6% after Barclays upgraded it to Overweight and lifted its target to $450. In contrast, the iShares MSCI Brazil Exchange-traded fund — a basket of stocks or bonds you can buy like a single share.ETF
Why it matters
The tech rally shows renewed confidence in chip and AI hardware, boosting the Nasdaq and supporting broader equity gains. Tesla’s 6% jump reflects positive analyst sentiment and could lift the broader auto‑tech sector. The Brazil Exchange-traded fund — a basket of stocks or bonds you can buy like a single share.ETF
Short-term and longer-term
Short-term. For the next couple of days, watch the Nasdaq for continued momentum from AI hardware names; a pullback could test the 29,300 support level.
Longer-term. Over the coming months, the tech rally may reinforce a long‑term tilt toward AI and chipmakers, potentially boosting valuations as earnings grow.
Words on this card
- Nasdaq 100
- An index of 100 large, non‑financial companies listed on the Nasdaq exchange
- S&P 500
- An index of 500 large U.S. companies across all sectors
- Dow Jones Industrial Average
- An index of 30 large, blue‑chip U.S. companies
- ETF Learn
- Exchange‑traded fund, a basket of securities that trades like a stock
- Treasury yield
- The return investors earn on U.S. government bonds
- AI hardware
- Computer components designed to accelerate artificial intelligence workloads