Nasdaq 100: Stock Market Rebounds as AI Disruption Concerns Fade

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Published: Feb 24, 2026, 21:22 GMT+00:00

Key Points:

US stocks rebound after mid-session as Nasdaq 100 climbs 1% and AI disruption fears begin to fade.
Anthropic’s Claude event reassures investors, driving a broad software recovery across US indices.
AMD surges 10% after securing a major AI data center deal with Meta, lifting sentiment.

Nasdaq 100 Index, S&P 500 Index, Dow Jones

U.S. Stocks Rebound as Traders Reassess AI Disruption Risk

Daily Nasdaq Composite Index (IXIC)

U.S. stocks were up shortly after the mid-session on Tuesday as traders reassessed how much of a risk AI disruption would have on enterprise software. As of 19:30 GMT, the S&P 500 was up 0.68%, the Nasdaq Composite was up 0.91%, and the Dow Jones Industrial Average added 382.55 points (0.78%). All indices recovered from Monday’s volatility due to fears of AI disruption.

Anthropic’s Claude Event Calms Software Fears and Sparks a Broad Recovery

The inflection point was Anthropic’s highly visible product event where Claude was presented as an orchestration layer for businesses rather than a replacement for their current toolset. Piper Sandler noted the announcements were not as bad as originally anticipated for the application layer. As Anthropic has confirmed Claude can now connect with DocuSign (up 4%), Google Drive and Gmail, Salesforce and ServiceNow were also up 4% and 2% respectively. The IGV ETF was up 3% but is still down over 30% from its year high.

AMD Surges 10% on Meta Deal as Home Depot Earnings Boost the Dow

AMD gained 10% as Meta signed an agreement to deploy 6GW of AMD GPUs in their AI data centers, supported by a performance-based warrant for up to 160 million shares. Home Depot was up 3% after beating earnings projections for the first time in a year, providing additional support to the Dow.

S&P 500 Holds Key Support but Faces Resistance Cluster

Daily March E-mini S&P 500 Index

After an overnight setback, March E-mini S&P 500 Index futures are trading higher. The move is positive since it represents another successful test of the retracement zone at 6813.00 to 6758.75. Despite the strong comeback, the benchmark index still faces headlines at the 6897.25 to 6931.75 retracement zone.

The major trend indicator and resistance is the 50-day moving average at 6931.25. It actually forms a resistance cluster with the swing top at 6931.50 and the 61.8% level at 6931.75.

Pay close attention to this price cluster at 6931.25 to 6931.75 since trader reaction to this area will determine the near-term direction of the market. Essentially, I’ll turn bullish on a sustained move over 6931.75 and remain bearish if sellers come in to defend the downtrend, and this area rejects the rally for the third time.

Nasdaq Faces Downtrend Line with the 50-Day MA the Bigger Prize

Daily March E-mini Nasdaq 100 Index Futures

Late in the session on Tuesday, I’m eyeing the long-term down trending angle at 25152.75 on the March E-mini Nasdaq-100 futures chart. Overtaking this resistance will breathe some life into the market and could create enough upside momentum to reach a short-term 50% level at 25294.50 and a long-term 50% level at 25411.75. The latter is the last potential resistance before the major 50-day moving average at 25478.

At this time, we’re witnessing a rally in a weak market, but conditions could turn around quickly if buyers can overcome the 50-day moving average. Otherwise, we could be headed to the 200-day MA at 24466.00.

More Information in our Economic Calendar.

About the Author

James Hyerczykauthor

James Hyerczyk is a U.S. based seasoned technical analyst and educator with over 40 years of experience in market analysis and trading, specializing in chart patterns and price movement. He is the author of two books on technical analysis and has a background in both futures and stock markets.

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