Current Market Performance and Key Index Movements

The stock market is currently witnessing a rebound, with the S&P 500 rising approximately 1% after a challenging week that saw a 5% drop from peak to low. The NASDAQ composite, while still underperforming at around 0.8% up, is starting to participate in the recovery alongside the Russell 2000, which shows a notable gain of 1.3%. Financials and smaller stocks are picking up traction, largely due to favorable inflation data that is keeping Federal Reserve rate cut expectations in check. The upward momentum in hard-hit technology stocks also indicates a cautious optimism among investors as they navigate the market's volatility.