The Nasdaq and S&P 500 attempted to recover on Tuesday from a sharp tech-led rout prompted by AI worries. The Federal Reserve two-day policy meeting which started earlier in the morning was also in focus for investors.
The tech-heavy Nasdaq Composite (^IXIC) rose more than 0.4% after sliding 3% in the prior session. The S&P 500 (^GSPC) gained 0.2%, while the Dow Jones Industrial Average (^DJI) hovered near the flatline.
AI chip giant Nvidia (NVDA) rose more than 2%, attempting to recover from a 17% plunge in the prior session as the buzz around Chinese startup DeepSeek raised questions of overvaluation and spending in much of the US artificial intelligence space.