A rebound for some influential Big Tech stocks helped keep the U.S. market steady despite a fall for Apple and mixed trading elsewhere on Wall Street.
The S&P 500 rose 0.4% Tuesday, even though the majority of stocks within the index fell. The Dow Jones Industrial Average lost 0.4%, and the Nasdaq composite added 0.8%.
Apple sank after warning it may squeeze out less profit from each $1 in revenue as costs jump for memory chips. But Nvidia and other AI-related stocks offset that after bouncing back following weeks of their own sharp swings. Oil prices sank.
On Tuesday:
The S&P 500 rose 27.52 points, or 0.4%, to 7,568.92.
The Dow Jones Industrial Average fell 197.26 points, or 0.4%, to 51,786.72.
The Nasdaq composite rose 207.65 points, or 0.8%, to 25,372.01.
The Russell 2000 rose 6.57 points, or 0.2%, to 2,812.45.
For the week:
The S&P 500 is down 11.15 points, or 0.1%.
The Dow is up 16.41 points, or less than 0.1%.
The Nasdaq is down 64.99 points, or 0.3%.
The Russell 2000 is up 0.60 points, or less than 0.1%.
For the year:
The S&P 500 is up 723.42 points, or 10.6%.
The Dow is up 3,723.43 points, or 7.7%.
The Nasdaq is up 2,130.02 points, or 9.2%.
The Russell 2000 is up 330.54 points, or 13.3%.
The Associated Press
