US stock markets rallied on Friday, marking a continued recovery for Wall Street following a turbulent week characterized by significant losses in the technology sector.
The S&P 500 and Nasdaq Composite both posted gains, signaling that investor confidence is returning after recent volatility.
This rebound was primarily driven by strength in the technology sector, which has been the main engine of market performance.
Ross Mayfield, chief investment officer at Charles Schwab, noted that the market remains firmly in "bull" territory, largely underpinned by the ongoing development and adoption of artificial intelligence.
This sentiment suggests that despite short-term fluctuations, the long-term growth narrative around AI continues to attract capital and support valuations in key tech-heavy indices.
In contrast, European equities faced downward pressure during the same period.