US stocks have gained momentum thanks to a revival from tech giants. The same companies that contributed to the bear market in April are now driving the recovery. Nvidia and Microsoft recently delivered better-than-expected earnings, with Nvidia reaffirming its revenue outlook despite US restrictions on Chinese sales.
These strong performances by technology leaders like Nvidia and Microsoft are lifting hopes for the broader market. Traders are betting that Big Tech will continue to support the S&P 500, putting it back in the driver’s seat as the key driver of US equities growth.
Source: https://www.bloomberg.com/news/articles/2025-06-01/big-tech-is-back-in-s-p-500-driver-s-seat-as-profit-engines-hum