After a significant sell-off over the past week, the stock markets are rebounding, driven by gains in the technology sector, notably a 1% increase in the Nasdaq Composite. Chevron's CEO expressed optimism about the economy, claiming there are no signs of an impending recession, further boosting market confidence. Key players in big tech, including Netflix and DataDog, are seeing increases, while crypto also gains traction as Bitcoin prices rise. Overall, all major indices are showing positive movement today after challenging market conditions.
The markets are in rebound mode after a massive sell-off, with all three major stock averages seeing gains led by a 1% increase in technology stocks.
Chevron's CEO Mike Wirth stated he sees zero signs of a recession, which contributes positively to market sentiment and investor confidence.
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