Major U.S. stock indices closed higher today, led by strong performance in technology shares. After a recent pullback, investors returned to growth stocks, while the dollar strengthened on the back of better-than-expected macroeconomic data. The rebound suggests renewed confidence in the broader market outlook, particularly in sectors tied to innovation and long-term earnings expansion. Market participants appeared encouraged by signs of economic resilience, which helped offset lingering concerns about valuations and the future path of monetary policy.
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Technology Back in the Lead
The Nasdaq Composite rose 0.78% to 22,753.63 points, extending its stabilization after a volatile start to the month. The broader S&P 500 gained 0.56% to 6,881.31 points, and the Dow Jones Industrial Average added 0.26% to close at 49,662.66 points. Gains across the major benchmarks suggest investors remain willing to take on risk, particularly in segments with higher growth potential.
Shares of Nvidia climbed 1.63% after the company announced a multi-year agreement to supply millions of AI chips to Meta Platforms. The news lifted the broader semiconductor sector and improved sentiment around companies tied to artificial intelligence. Technology stocks thus continued their recovery following recent investor concerns about elevated valuations, which had triggered profit-taking and a short-term correction earlier this month.
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Stronger Dollar and Better Economic Data
The U.S. dollar index rose 0.59% to 97.509 points, while the euro declined 0.55% to $1.1785. The greenback was supported by fresh economic data.
The Commerce Department reported that core capital goods orders excluding aircraft increased by 0.6% in January, exceeding market expectations of a 0.4% rise. This indicator is closely watched as a gauge of future business investment and signals companies’ willingness to expand production or upgrade equipment. The stronger-than-expected data point to continued resilience in the U.S. economy, which could influence upcoming Federal Reserve decisions and the outlook for interest rates in the months ahead.
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Source: ČTK
