Tech Stocks Rebound, Crude Rallies Above $64 On Iran Tensions - Allegro Microsystems (NASDAQ:ALGM)

Tech stocks recovered on Wednesday, led by a rally in battered software names, as the Nasdaq 100 jumped 1.4% past 25,000, outpacing the S&P 500's 1% gain and the Dow's 0.7% advance.Cadence Design Systems Inc. (NASDAQ:CDNS) led the tech advance, jumping nearly 10% after the chip-design software provider topped fourth-quarter revenue estimates and projected strong growth for 2026, supported by share buybacks and AI-driven demand.Commodity markets moved broadly higher amid rising Middle East tensions. Accordin ...