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Tech stocks lead U.S. markets higher with Nasdaq ETF up 2.88% and XLK surging 5.89%.

Market News
02 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

U.S. markets closed the week positively with a strong rebound in technology and growth stocks. The Nasdaq 100 ETF (QQQM) rose 2.88%, while the Technology Select Sector SPDR ETF (XLK) surged 5.89%, driven by gains in companies like Dell, Murata Manufacturing, and Arm Holdings. Market momentum favored technology, small caps, materials, and consumer discretionary sectors, while defensive sectors such as consumer staples, utilities, real estate, and energy lagged. This narrow but decisive leadership highlights investor appetite for risk and growth-oriented assets going forward.

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