In the tech space, the AI trade had a strong bounce-back day with all “Mag 7” stocks up, including Tesla (TSLA) growing by 7%. Alphabet (GOOGL) reached a new all-time high with advancements in its Gemini 3 AI system and integration with custom chips and cloud service platforms. Bitcoin (BTC) rose by 1.7% to around $89K, signaling a potential end to the crypto slide for now.

Earnings after the close saw Agilent (A) meeting expectations with earnings of $1.59 per share and revenues of $1.86 billion for Q4. Zoom Communications (ZM) outperformed expectations with earnings of $1.52 per share and revenues of $1.23 billion for Q3, leading to a 3.5% increase in late trading.

This week in the stock market will see a focus on economic and earnings data in the next two trading days, with markets closed on Thursday for Thanksgiving. Key reports include specialty retail earnings from Best Buy (BBY), Abercrombie & Fitch (ANF), Dick’s Sporting Goods (DKS), and Alibaba (BABA). Data on inflation, employment, and jobless claims will also be significant market catalysts. Weak labor market numbers could lead to Fed interest rate cuts in 2026.

Read more at Nasdaq: Revenge of Tech: AI, Crypto Bounce Back