The International Monetary Fund (IMF) has reduced its 2025 global economic growth forecast from 3.3% to 2.8%. Despite this, US stocks showed a strong rebound following a significant sell-off. The Nasdaq opened 209 points higher, gaining 1.3%, and extended its rise to 280 points or 1.8%. The Dow Jones started 345 points up and quickly increased to 600 points, reflecting a 1.6% gain. The S&P 500 opened with a 49-point increase, later rising to 1.5%.
The "Magnificent Seven" stocks, which faced declines, also rebounded. Tesla (TSLA) rose nearly 4%, while NVIDIA (NVDA), Apple (AAPL, Financial), and Amazon (AMZN) each gained 2%. Boeing (BA) announced the sale of part of its digital aviation solutions business for $10.55 billion in cash, boosting its stock by over 1%. Meanwhile, Netflix (NFLX) continued to perform strongly, climbing nearly 6% following its earnings announcement.
