US Markets Rally to End the Week Strong: Tech and Airlines Lead the Charge

• Why Are US Markets Climbing Today?
• Which Stocks Are Driving the Rally?
• What’s the Latest on Corporate Earnings?
• How Are Analysts Viewing the Macro Picture?
• Why Is Bitcoin Still Struggling?
• What’s Moving Commodities and Forex?
• Key Takeaways for Investors
• Frequently Asked Questions

Wall Street is painting the town green as US markets rebound from recent turbulence, with the Nasdaq, S&P 500, and Dow Jones all posting solid gains. Tech stocks like Super Micro Computer and Coinbase are surging, while airlines ride the updraft. Meanwhile, Bitcoin’s slump continues, and Goldman Sachs eyes a "constructive" macro outlook for 2026. Here’s the full breakdown.

Why Are US Markets Climbing Today?

Mid-session trading shows Wall Street in full rally mode: the Nasdaq Composite is up 1.2%, while the S&P 500 and Dow Jones leap 1.3% and 1.8% respectively. This rebound follows weeks of volatility, with investors cheering strong earnings and a stabilizing economic outlook. Leading the charge? Tech and airlines – two sectors that had been battered recently.

Which Stocks Are Driving the Rally?

Three tech giants are pulling the S&P 500 upward:

• Super Micro Computer (+10%)
• Coinbase Global (+8.9%)
• Gen Digital (+7.7%)

Not to be outdone, airlines are soaring:

• United Airlines (+5.8%)
• American Airlines (+4.8%)
• Delta Air Lines (+4.5%)

MGM Resorts also reported stellar Q4 earnings, with net profit jumping 87% year-over-year to $294 million.

What’s the Latest on Corporate Earnings?

Philip Morris posted a 9% rise in adjusted EPS ($1.69) for Q4, while Amazon faced a target price cut from Wedbush despite "vigorous" results. Analysts cited heavy upcoming investments as a concern.

How Are Analysts Viewing the Macro Picture?

Goldman Sachs remains bullish, forecasting 2.9% global growth in 2026 – above consensus. Their team notes:

"The US economy’s resilience and gradual rebounds in Europe and China should drive expansion, with US growth hitting 2.5% amid tax cuts and easier financial conditions."

They expect two Fed rate cuts (June and September) as Core inflation cools to ~2.1% by year-end.

Why Is Bitcoin Still Struggling?

The crypto market remains icy, with Bitcoin down ~40% since October 2024 – now hovering near $68,000 versus its $126,000 peak. IG France’s Alexandre Baradez attributes this to:

• Trump-era trade policy shocks
• Margin call liquidations
• High US rates favoring bonds over zero-yield crypto

Some see opportunity: "A 60% drop for top cryptos looks like a buying chance," Baradez notes.

What’s Moving Commodities and Forex?

Brent crude gains 1.3% to $68.2/barrel, while gold jumps 3.5% to $4,945/oz. The USD holds steady against the euro (~0.84 EUR).

Key Takeaways for Investors

This rebound suggests markets are pricing in a "soft landing" scenario, though risks remain:

• Tech and travel stocks lead recovery
• Corporate earnings mostly beat expectations
• Crypto winter persists amid macro uncertainty

Data sources: TradingView, CoinMarketCap.