US equity markets posted broad gains on Monday, with the Nasdaq Composite leading the advance as investors reacted to a combination of favorable macroeconomic data and robust corporate earnings.
The rally was anchored by strong results from large US banks, which helped offset lingering concerns about the technology sector that had weighed on sentiment in recent weeks.
The market’s positive momentum was further bolstered by an unexpectedly benign inflation report, which eased fears of persistent price pressures and reduced the likelihood of aggressive monetary tightening.
The softer inflation data contributed to a decline in the US dollar, providing additional support for multinational equities and risk assets.
This development marks a shift from the volatility seen earlier in the month, when the Nasdaq had extended its slide for four consecutive days amid concerns over AI spending and Mag 7 losses.
The recent stabilization of US tech stocks, which found footing after a sharp sell-off, suggests that investor confidence is returning as macroeconomic indicators align with a more dovish outlook.