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Nasdaq Rallies 2% as Investor Confidence Returns
Suraay
8/4/20261 min read


Wall Street Starts the Week Higher as Technology Stocks Lead Broad Market Rally
U.S. stocks opened the week with solid gains on Monday, led by a strong rebound in technology shares as investors showed renewed confidence in large-cap growth companies.
The Nasdaq Composite climbed 2.3%, while the Nasdaq-100 advanced 2%, reflecting robust buying interest across the technology sector.
Investor sentiment was also supported by a sharp decline in energy prices. Crude oil fell approximately 6%, slipping below $80 per barrel, as markets reacted to geopolitical developments, including comments from President Donald Trump regarding potential military action involving Tehran.
With lower oil prices easing some inflation concerns and technology stocks attracting fresh investment, broader market sentiment remained positive throughout the session.
Among the Nasdaq-100's top-performing stocks were:
CoreWeave surged 17.1%
Nebius Group gained 16.2%
Lumentum Holdings rose 9.7%
Sandisk advanced 7.8%
Rocket Lab added 7.5%
Axon Enterprise climbed 6.9%
Astera Labs increased 6.2%
Meta Platforms gained 5.9%
Intuitive Surgical rose 5.8%
Alnylam Pharmaceuticals advanced 5.4%
The session highlighted renewed investor appetite for growth-oriented companies, particularly within the technology sector, as market participants balanced corporate fundamentals with broader economic and geopolitical developments.