US Stocks Extend Rebound

2026-07-21 16:34 By Andre Joaquim 1 min. read

US stocks gained further ground on Tuesday with support from the tech sector ahead of key earnings results.

The S&P 500 and the Dow rose around 0.8%, gaining ground after multiple muted sessions, while the Nasdaq 100 advanced 1.5%.

Micron and Sandisk surged over 12% each, while Applied Materials and Marvell gained over 8%.

Chip manufacturers extended their rebound from last week's rout after strong export data from Taiwan and South Korea maintained the momentum for semiconductor producers.

The sector rose ahead of Alphabet's earnings tomorrow, serving as the latest signal for AI infrastructure demand by hyperscalers Meanwhile, other sectors halted recent selling pressure despite further escalation between Iran and the US and its impact on higher energy prices.

Treasury yields remained high and drove financial stocks to trim part of their earnings-fueled rally last week.

GM rose 5% after posting their results, while Charles Schwab sank 3% after missing earnings estimates.



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