US Stocks Rebound, Nasdaq Hits Four-Week High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2026
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Source: NASDAQ.COM
- Market Rebound: On Thursday, the S&P 500 rose by 0.62%, reaching a one-month high, reflecting investor optimism regarding the US-Iran ceasefire, despite initial losses due to concerns, indicating cautious optimism about future developments.
- Weak Economic Data: Initial US jobless claims rose to 219,000, exceeding expectations of 210,000, indicating a weakening labor market, while personal income unexpectedly fell by 0.1%, which could impact consumer spending and overall economic growth, increasing market focus on Fed policy.
- Oil Price Volatility: Crude oil prices surged over 3% on Thursday due to the blockade of the Strait of Hormuz, which not only heightened inflation expectations but also could influence Fed monetary policy, leading to increased speculation about future rate hikes.
- Divergent Tech Stock Performance: Marvell Technology surged over 4% following an upgrade from Barclays, while software stocks like Palantir and ServiceNow fell over 7% due to concerns over AI disruption, reflecting differing market views on the tech sector's outlook and potentially affecting investor allocation strategies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
