Home / Business and Economy / US Stocks Soar as Investors Snap Up Bargains After Selloff
US Stocks Soar as Investors Snap Up Bargains After Selloff
5 Aug
Summary
- US stock indices post biggest daily gains since May
- Investors bet on September interest rate cut after weak jobs data
- Tesla, Nvidia, Microsoft among top performers in tech rally
On Monday, August 5th, 2025, the US stock market experienced a significant rebound, with all three major indices – the Dow Jones, S&P 500, and Nasdaq Composite – registering their largest daily percentage increases since May 27th.
Investors were quick to seize on the opportunity to find bargains after the previous session's selloff. Additionally, the weaker-than-expected jobs data released on Friday fueled renewed expectations of a September interest rate cut by the Federal Reserve, further boosting investor sentiment.
The Dow Jones Industrial Average rallied 585.06 points, or 1.34%, to 44,173.64, while the S&P 500 gained 91.93 points, or 1.47%, to 6,329.94. The Nasdaq Composite closed 403.45 points, or 1.95%, higher at 21,053.58.
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Leading the charge were several major US companies, including Tesla, which saw its share price rise 2.2%, Nvidia, whose stock surged 3.62%, and Microsoft, which rallied 2.20%. Advanced Micro Devices also gained 2.99%. Joby Aviation and Blade Air saw even more substantial jumps of 18.8% and 17.2%, respectively, while Berkshire Hathaway shares fell 2.7% after the company disclosed a $3.8 billion write-down and a dip in quarterly operating profit.
