Stock market rebounds after tech stocks plunge, bitcoin strengthens: Market overview

According to CoinWorld, the US stock market rebounded from its largest decline in months, as dip buyers believed that concerns about AI spending and disruptive impacts were overblown. Bitcoin rose more than 4%, rebounding from its October 2024 lows, as risk aversion eased. S&P 500 index futures reversed a 1% drop to rise 0.3%, while gold and silver stabilized after a week of heavy position unwinding. In Europe, Stellantis NV shares plunged 18% due to a 22 billion euro ($26 billion) charge.