Stock indexes are rebounding today after last Friday’s plunge, with the S&P 500 up +1.18%, Dow Jones up +0.97%, and Nasdaq 100 up +1.52%. Chipmakers and AI infrastructure stocks are rallying, led by Broadcom’s +10% jump due to a collaboration with OpenAI. Gold prices are up over +2% to a new all-time high.

The Trump administration softened its tone on China trade, boosting market sentiment. China’s Sep exports rose +8.3% y/y, beating forecasts, while imports rose +6.4% y/y. The government shutdown delays key economic reports. Corporate earnings expectations are positive, but Q3 profits are expected to rise by +7.2%, the smallest increase in two years.

Interest rates are down as stocks rebound. European bond yields fall, with the German bund yield at a 2-month low. Chipmakers like Broadcom and ON Semiconductor are up over +6%. Tech giants like Nvidia and Tesla are also higher today. Rare earth stocks surge amid US-China tensions, boosting alternative suppliers.

Mining stocks rise as gold hits an all-time high, with Coeur Mining up over +8%. Estee Lauder gains over +4% after an upgrade. Warner Bros Discovery rejects a takeover offer. Ciena Corp and Stubhub Holdings are up, while Tvardi Therapeutics plunges after a failed Phase 2 trial. Fastenal leads losers after missing Q3 EPS estimates.

Defensive food and beverage stocks decline as the market rebounds, with Hershey and Monster Beverage down over -2%. PayPal drops after a downgrade. Baldwin Insurance Group also falls. Overseas stock markets are mixed, with Euro Stoxx up +0.33% and Shanghai Composite down -0.19%. Macau casino stocks slide after weak holiday gaming revenue data.

Read more at Nasdaq: Stocks Supported by Trade Hopes and Broadcom’s AI Deal