S&P 500 Soars on Tech Rebound, Nvidia Leads Market Recovery

The S&P 500 reclaimed its losses from the year, rising 1% on Tuesday as positive developments in tech, trade, and inflation fueled investor optimism. The Nasdaq Composite soared 1.6%, while the Dow Jones Industrial Average dipped slightly with a 0.64% decrease due to UnitedHealth’s stock plummet following its CEO stepping down and the company suspending guidance. This rally was propelled largely by Nvidia’s surge, which reached a market cap of $3 trillion after news broke that it would ship 18,000 AI chips to Saudi Arabia. Other chipmakers like Broadcom and AMD also experienced gains of 4% each, riding on renewed global demand and optimism around artificial intelligence.