Global Stocks Rebound As Tech Returns, Dollar Slips
bet, and Meta are now estimated around $600 billion. Crypto also bounced, with bitcoin and ethereum up roughly 11% after a deep drawdown, while gold rose nearly 4% and silver about 9%, helped by a weaker dollar and bargain-hunting. Oil ended slightly higher as traders watched US–Iran nuclear talks, mediated by Oman, for any hint of supply risk.
Why should I care?
For markets: The rally looks more technical than triumphant.
This pop says investors still want growth, but only at the right price. Tech’s rebound leaned on positioning and chart levels, yet Amazon’s drop shows how fast optimism can fade when AI capex accelerates. Meanwhile, rate expectations remain the anchor: Treasury yields were mixed ahead of the delayed January payrolls report, and futures markets still leaned toward a first Fed cut around June.
The bigger picture: A softer dollar loosens conditions worldwide.
When the dollar falls, it often eases pressure on non-US borrowers and makes dollar-priced commodities cheaper abroad – so global financial conditions can feel a touch easier. That showed up quickly in metals as gold and silver jumped off recent lows. Still, the dollar’s pullback wasn’t clean, with sentiment data improving modestly even as consumers kept worrying about jobs and living costs.
