Stocks bounce back with tech leading, oil prices fall, Chinese stimulus weak, Boeing labor strike.

From Nasdaq: 2024-10-08 18:15:00

Stocks Soar: Nasdaq up 1.45%, S&P up 0.97%, Dow up 0.30%, Russell up 0.17%. NVIDIA leads tech stocks higher, +4% for the session, +24% in the past month, +175% year to date. Oil prices fall 4.6% on Israel-Hezbollah cease fire talk. Chinese stimulus trade wanes, Alibaba shares drop over 6%. Boeing put on “Creditwatch Negative” due to month-long labor strike, estimated cost of -$1 billion per month.

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Read more at Nasdaq: Markets Bounce Back Behind Mag-7 Momentum