The tech sector's tentative rebound is being led by Apple, which has provided reassuring guidance despite challenges in iPhone sales and the Chinese market. This has helped offset broader concerns, including Nvidia's upcoming meeting with former President Trump, which adds a layer of uncertainty. While the Nasdaq 100 remains down for the week, the S&P 500 is seeing gains, driven by cautious optimism and Apple's positive influence. Investors are also shifting focus towards European equities and value stocks, as the Stoxx 600 outperforms the S&P 500, reflecting a move away from overvalued big tech stocks.
The Vanguard S&P 500 ETF (VOO) rose 0.74% to $560.43 at 10:40 AM on Friday, January 31.