Belden, Cummins, Perma-Fix Surge as Tech Recovery and Bitcoin Stabilize Lift Indices

Tech stocks and a stabilization in Bitcoin drove a broad afternoon rally as the market rebounded from a tech-driven sell-off. The S&P 500 edged into positive territory for 2026 as the Dow Jones crossed 50,000 for the first time. Improved U.S. consumer sentiment and anticipation of AI-related capital expenditure benefiting chipmakers like Nvidia and Broadcom fueled the gains. Tariff-related tensions eased with reduced threats, removing a significant headwind and contributing to relief rally conditions. Among impacted names: Belden shares rose 18.7% YTD to a 52-week high of $139.79. Cummins and Perma-Fix also posted strong gains. Investors are capitalizing on broader volatility and a recovering tech sector.