Markets rebounded sharply in late trading as institutional buyers stepped in, driving gains in key equities and energy futures. The rally, concentrated in defense and energy names, countered earlier declines and signaled a potential shift in investor sentiment.
- Late-day buying pushed the S&P 500 up 1.2% and Nasdaq Composite up 1.5% on the day.
- Apple (AAPL) recovered from a 1.8% intraday drop, closing flat with elevated final-hour trading volume.
- WTI crude futures (CL=F) rose 2.3% to $78.40 per barrel, driven by supply concerns and technical rebound buying.
- Defense sector stocks, including Lockheed Martin and Raytheon Technologies, saw 3.1% and 2.7% gains in after-hours trading.
- The CBOE Volatility Index (^VIX) declined 11% to 16.7, indicating reduced fear in equity markets.
A surge in buying activity during the final hour of trading propelled major indices higher, reversing earlier losses across U.S. markets. The S&P 500 closed 1.2% up, while the Nasdaq Composite gained 1.5%, buoyed by late-stage demand in tech and energy stocks. Notably, Apple Inc. (AAPL) reversed a 1.8% intraday decline to finish flat, with volume in the last 30 minutes exceeding average by 62%.
The content is based on publicly available market data and trading activity observed during the reported period, without reference to proprietary or third-party sources.