Wall Street Is Buying the Dip in Big Tech After Shutdown Deal

Core Viewpoint - The resurgence of tech stocks, particularly the "Magnificent Seven," is attributed to the resolution of the government shutdown, leading to significant gains in major indices [1]. Group 1: Market Performance - The Nasdaq Composite increased by 2%, while the S&P 500 rose by 1.2%, and the Dow Jones gained 170 points, or 0.4% [1]. - Despite a negative market breadth, large tech companies compensated for the losses, driving the market upward [1]. Group 2: Individual Stock Performance - All "Magnificent Seven" stocks experienced gains of 1.7% or more, with Nvidia leading at a 3.9% increase [2]. - Alphabet and Tesla both saw increases of over 3%, while Amazon.com rose by 2.1%, Meta Platforms by 1.9%, and Microsoft and Apple both by 1.7% [2].