Wall Street Bounces Back Amidst Trade Tension Reprieves

Wall Street’s primary indices saw a substantial uptick on Monday, driven by significant advancements in Broadcom and other semiconductor companies. This positive movement was prompted by President Donald Trump’s conciliatory statements regarding U.S.-China trade tensions, which offered some respite to investor concerns. AI-related technology stocks emerged as front-runners in Monday’s rebound, notably Broadcom, which surged almost 10% following its partnership with OpenAI to develop its initial in-house artificial intelligence processors. The Nasdaq achieved its largest one-day gain since May 27, reflecting investor optimism. Despite the recovery, analysts like Sam Stovall from CFRA Research advise caution as long as the trade…