Nasdaq 100: Oracle Jumps as Tech Stocks Lead US Indices Higher Today

Nasdaq Rebounds as Buyers Test Key Resistance Levels

The Nasdaq Composite climbed on Monday, regaining key technical ground following Friday’s $2 trillion sell-off. The index hovered around 22,656.49 at mid-session, the 50% retracement of Friday’s plunge from 23,119.91 to 22,193.07.

A sustained hold above this midpoint signals returning demand, with potential to retest the record high. Failure to reclaim it could expose the index to another drop toward the 50-day moving average at 21,987.74.

Are E-mini Nasdaq futures confirming the cash rally?

E-mini Nasdaq-100 futures echoed the rebound, testing a key short-term resistance band between 24,776.25 and 24,922.00. A break above 24,922.00 would suggest bullish control and raise odds for a continuation move.

If sellers reemerge, futures could retreat toward the 50-day moving average at 24,288.54, or even test the 24,205.25 to 23,924.75 retracement zone. Friday’s low of 24,158.50 fell within this value area, acting as a springboard for today’s bounce.

What’s fueling today’s tech-led recovery?

The rally came after President Trump softened his tone on China trade via a Truth Social post, calming tariff fears.

Broadcom surged over 10% after finalizing a partnership with OpenAI, leading a sharp semiconductor recovery.

Nvidia and AMD gained 2% and 1%, respectively, while Oracle jumped more than 4%. The moves helped lift the information technology sector more than 2.5%, setting it up for its strongest session since May.

Are traders buying the dip again?

Roughly 80% of S&P 500 names traded higher Monday, pointing to a broad-based rally. The Russell 2000 rebounded over 2% after falling 3% Friday.

Comments from both Trump and Vice President JD Vance eased concerns about an escalation in the U.S.-China tariff standoff. Traders viewed the messaging as a green light to reenter positions in recently punished tech and growth stocks, especially those reliant on Chinese exports such as rare earths.

What should traders watch next?

Despite Monday’s strength, caution remains warranted. The federal government shutdown is extending into another week, putting the Oct. 15 payrolls deadline in focus. Earnings season also kicks off this week, with reports from JPMorgan, Citigroup, Wells Fargo, and others.

Downgrades on Intel and Texas Instruments by Bank of America may limit gains, particularly for chipmakers lacking strong AI exposure.

Still, with bullish sentiment reemerging and strong tech leadership, a sustained break above resistance could pave the way for a run at new highs—if earnings and policy headlines cooperate.

More Information in our Economic Calendar.