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After several days of irrational sell-offs, the US stock market saw a sharp rebound on Friday. This completely reversed the panic triggered by excessive capital expenditures from tech giants in previous sessions. All three major indices surged significantly.
$Dow Jones Industrial Average (.DJI.US)$ The index skyrocketed by over 1,200 points in a single day, rising nearly 2.5%, and closed above the 50,000-point mark for the first time in history, marking a milestone record high.
$Nasdaq Composite Index (.IXIC.US)$ Driven strongly by NVIDIA, it rebounded by 2.2% to surpass 23,000 points.
$S&P 500 Index (.SPX.US)$ It surged by 2%, recovering losses and reclaiming the 6,900-point level.
$CBOE Volatility S&P 500 Index (.VIX.US)$ During the session, it approached a high of 22 but eventually retreated to around 17 as the rebound progressed.This change indicates that the heightened panic caused by deleveraging and forced selling has been partially released, but the market has not returned to a low-volatility environment. In other words, while panic has eased, risks have not disappeared; they have merely shifted from concentrated outbreaks to high-frequency fluctuations. Going forward, there may be continued volatility.
The trigger for this rebound came from macroeconomic data easing market sentiment, along with Jensen Huang's statement about incredibly high AI demand, which crushed bubble rumors.He reiterated that AI...