India, June 29 -- The US stock market is up today because investors are aggressively buying the dip in technology shares following a steep sell-off last week, combined with easing Middle East tensions after the US and Iran agreed to a temporary pause in hostilities. Major indexes rebounded sharply to snap a five-day losing streak, with the tech-heavy Nasdaq Composite leading the gains by rising more than 1%.

Why Is US Stock Market Today Up?

The US stock market is up today because investors are buying the dip in technology shares following a steep sell-off last week, combined with easing Middle East tensions.

However, major indexes rebounded sharply to snap a five-day losing streak, with the tech-heavy Nasdaq Composite leading the gains...