{"id":64323,"date":"2026-07-06T16:08:16","date_gmt":"2026-07-06T20:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-rebound-drives-wall-street-gains-as-investors-await-fed-minutes\/64323\/"},"modified":"2026-07-06T16:08:16","modified_gmt":"2026-07-06T20:08:16","slug":"tech-rebound-drives-wall-street-gains-as-investors-await-fed-minutes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-rebound-drives-wall-street-gains-as-investors-await-fed-minutes\/64323\/","title":{"rendered":"Tech Rebound Drives Wall Street Gains as Investors Await Fed Minutes"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. equity markets finished higher<\/strong> on Monday, led by a <strong>1.14% surge in the Nasdaq<\/strong>, as artificial intelligence and technology stocks rebounded following the Independence Day holiday.<\/li>\n<li><strong>The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> climbed 0.74%<\/strong> to close at <strong>7,538.32<\/strong>, moving within 1% of its all-time high, while the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> added 0.26%<\/strong> to reach a new unofficial close of <strong>53,039.73<\/strong>.<\/li>\n<li><strong>Natural gas futures rose<\/strong> on expectations of record-breaking summer cooling demand, despite a larger-than-expected storage injection reported in recent data.<\/li>\n<li><strong>Geopolitical tensions saw a symbolic shift<\/strong> as <strong>Hamas<\/strong> announced it would dissolve its governing body in Gaza, offering to transfer authority to a U.S.-backed technocratic committee.<\/li>\n<li><strong>Health officials are investigating<\/strong> a multistate outbreak of <strong>infant botulism<\/strong> linked to Nara Organics powdered formula, with cases reported in California, Pennsylvania, and Washington.<\/li>\n<\/ul>\n<h2>Market Performance and Tech Recovery<\/h2>\n<p>Wall Street started the week on a strong footing as investors rotated back into megacap technology names. The <strong>Nasdaq Composite (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>)<\/strong> led the advance, gaining <strong>293.60 points<\/strong> to finish at <strong>26,126.27<\/strong>. This recovery follows a period of volatility where concerns over AI valuations had briefly pressured the sector.<\/p>\n<p>The <strong>S&amp;P 500 (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>)<\/strong> rose <strong>55.08 points<\/strong>, supported by a 2.7% jump in the VanEck Semiconductor ETF (SMH). While the broader market advanced, the <strong>Dow Jones Industrial Average (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> saw more modest gains, rising <strong>139.66 points<\/strong>. Market participants are now looking ahead to the release of the <strong>Federal Reserve<\/strong> meeting minutes on Wednesday for clues on the future path of interest rates under new Chair <strong>Kevin Warsh<\/strong>.<\/p>\n<p>In contrast, the <strong>Toronto Stock Exchange (<a href=\"\/stock\/%5EGSPTSE\">^GSPTSE<\/a>)<\/strong> bucked the trend, closing unofficially down <strong>62.52 points<\/strong>, or <strong>0.18%<\/strong>, at <strong>35,212.32<\/strong>. The Canadian benchmark was weighed down by losses in the energy and utility sectors, even as mining stocks saw some support from firming metals prices earlier in the session.<\/p>\n<h2>Commodities and Currencies<\/h2>\n<p><strong>U.S. Natural Gas<\/strong> futures moved higher as traders braced for one of the hottest weeks of the summer, which is expected to drive record electricity consumption for air conditioning. However, the rally remains capped by robust domestic production levels of approximately <strong>110 billion cubic feet per day<\/strong>.<\/p>\n<p><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> (<a href=\"\/stock\/XAUUSD\">XAU\/USD<\/a>)<\/strong> prices slipped toward <strong>$4,150 per ounce<\/strong> as firm U.S. Treasury yields and a steady Dollar limited the metal&#39;s appeal. Yields on the <strong>10-year Treasury note<\/strong> remained little changed at <strong>4.48%<\/strong> as the market awaits the FOMC minutes. Meanwhile, the <strong>New Zealand Dollar (<a href=\"\/stock\/NZDUSD\">NZD\/USD<\/a>)<\/strong> faced pressure from a hawkish Fed tone and uncertainty ahead of the <strong>Reserve Bank of New Zealand<\/strong> policy decision scheduled for July 8.<\/p>\n<h2>Corporate and Regulatory News<\/h2>\n<p><strong>Fitch Ratings<\/strong> assigned a <strong>&#39;BBB-&#39;<\/strong> rating to <strong>Intercorp Peru\u2019s<\/strong> proposed senior unsecured notes of up to <strong>$350 million<\/strong>. The agency noted the company&#39;s stable outlook, reflecting its solid position in the Peruvian financial landscape.<\/p>\n<p>On the regulatory front, the <strong>FDA<\/strong> and <strong>CDC<\/strong> are investigating four cases of <strong>infant botulism<\/strong> across three states. The outbreak has been linked to <strong>Nara Organics Whole Milk Organic Powdered Infant Formula<\/strong>, which was recently recalled. Parents have been urged to immediately stop using the product and monitor infants for symptoms such as poor feeding and muscle weakness.<\/p>\n<h2>Geopolitical Developments<\/h2>\n<p>In the Middle East, <strong>Hamas<\/strong> announced its intention to hand over governing authority in Gaza to the <strong>National Committee for the Administration of Gaza (NCAG)<\/strong>. While the move is seen as largely symbolic, it puts renewed pressure on the stalled U.S.-brokered ceasefire process. An adviser to the <strong>Palestinian President<\/strong> told Al Arabiya that for the transition to be serious, Hamas must completely relinquish its role in governance to avoid undermining the state with multiple authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. equity markets finished higher on Monday, led by a 1.14% surge in the Nasdaq, as artificial intelligence [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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