Live Nasdaq Composite: Tech Bulls Wrestle Back Control in Chip-Led Rally
Quick Read
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The Nasdaq rebounds 1.2% Monday as a U.S.-Iran ceasefire eases geopolitical tension following last week's brutal 5.2% weekly loss.
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Comcast (CMCSA) jumps 23% on a planned two-company spinoff, while MicroStrategy (MSTR) pivots to sell Bitcoin to raise $1.25 billion.
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Tech funds shed a record $9.3 billion last week as AI spending concerns and OpenAI's IPO delay rattled investor conviction.
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Apple Falls
Apple (NASDAQ:AAPL) is bucking the broader tech rally Monday, slipping 1.2% after Senator Tom Cotton issued a warning against the company using blacklisted Chinese chips, a development that adds a political and regulatory dimension to Apple’s already complicated supply chain calculus at a moment when the company is navigating surging memory costs and fresh pricing pressure across its product lineup.
Google Barometer
Google parent company Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) has muscled its way into the Dow Jones Industrial Average, becoming one of the 30 stocks that make up the blue-chip index in a move that reflects just how central the search and AI giant has become to the fabric of the broader U.S. economy.
Tech Funds
Last week’s turbulence in the tech sector left a mark on fund flows. Technology funds absorbed a record $9.3 billion in outflows according to Deutsche Bank. The trend captures just how quickly sentiment shifted as AI spending concerns and the OpenAI IPO delay news rattled investor conviction.
U.S.-focused funds bore the brunt of the exodus, shedding $8.5 billion, while global funds attracted $14.4 billion in fresh capital, a deliberate rotation away from concentrated U.S. tech exposure. Overall equity positioning slipped slightly below neutral, suggesting the market’s most enthusiastic bulls are taking a step back to reassess rather than doubling down at current levels.
This article will be updated throughout the day, so check back often for more daily updates.
The Nasdaq Composite is opening the week on steadier footing on U.S.-Iran ceasefire hopes. Nasdaq 100 futures are climbing 1.2% as tech stocks attempt to reclaim ground after last week’s sharp swings rattled the sector and sent the index down 5.2% for the week. S&P 500 futures are adding 0.9% and Dow futures are rising 240 points, or 0.5%, as a combination of tech resilience and easing geopolitical tension sets a constructive tone for Monday’s session.
Arm Holdings (NASDAQ:ARM) is leading the premarket charge with a 1.9% advance, while Marvell Technology (NASDAQ:MRVL) is adding 1.6% and Intel (NASDAQ:INTC) is up 1.1%. SpaceX (NASDAQ:SPCX) is also set to open 2% higher after the Nasdaq announced it will be fast-tracked onto the Nasdaq 100 next month. Comcast (NASDAQ:CMCSA) is the session’s standout outside of tech, surging 23% after announcing plans to spin off its media and technology businesses into two separate publicly traded companies, with the separation expected to close within approximately a year.
The U.S. and Iran agreed Sunday to pause hostilities and restore free commercial transit through the Strait of Hormuz following a weekend of military exchanges that had threatened to derail the broader peace process. For a market that spent much of last week pricing in escalating risk, the ceasefire development is a welcome development heading into a week that will test whether last week’s selloff was a healthy reset or the start of something more prolonged.
Here’s a look at where things stand as of pre-morning trading:
Dow Jones Industrial Average: 52,143 Up 0.52%
Nasdaq Composite: 25,632 Up 1.3%
S&P 500: 7,413 Up 0.81%
Market Movers
MicroStrategy (NASDAQ:MSTR) announced its board has authorized a Bitcoin monetization program, allowing the company to sell BTC periodically to generate up to $1.25 billion in additional proceeds to fund its USD Reserve, a notable pivot for a firm that built its reputation on accumulating rather than selling the digital asset.
Palantir (NASDAQ:PLTR) and Nvidia (NASDAQ:NVDA) announced a joint initiative to deploy Nvidia’s Nemotron open AI models in sovereign environments for U.S. government and critical infrastructure customers. The combined system pairs Nvidia AI with Palantir’s AIP, Foundry, Ontology, and Apollo platforms, giving agencies the ability to train, customize, and deploy AI while retaining full control over their data, intellectual property, and model systems.
Contact [email protected] for any questions or corrections.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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