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Tech Stocks Power Gains After AI-Fueled Selloff | Closing Bell
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February 24, 2026
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10:07Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
A rally in technology firms spurred a rebound in stocks after a rout driven by fears about the disruptive impacts of artificial intelligence, with sentiment also buoyed by an improvement in consumer confidence.
Beaten-down software firms climbed, with the Nasdaq 100 up 1.1%. Advanced Micro Devices Inc. jumped about 9% on Meta Platforms Inc.’s plans to spend billions on its gear. Texas Instruments Inc. slid on concern about heavy capital spending. Short-dated bonds underperformed. Gold fell.
The S&P 500 rose 0.8%. The yield on 10-year Treasuries was little changed at 4.03%. The dollar wavered.
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