US stocks rebound from steep losses
The DeepSeek dip was resoundingly bought.
The S&P 500 rose 0.9%, the Nasdaq 100 ended up 1.6%, and the Russell 2000 gained 0.2% on Tuesday.
Despite the big gains for the benchmark index, the number of decliners outnumbered advancers by nearly 200.
Tech was far and away the best-performing S&P sector ETF, while defensive sectors like utilities, real estate, and consumer staples each lost more than 1%.
Nvidia did indeed bounce back from a big drop amid heavy inflows for the chip designer, including massive interest from retail traders.
While the data center trade continues to come under pressure, the likes of GE Vernova and Vistra posted significant gains after the former announced a deal with Chevron to form a company to supply power to data centers.
Royal Caribbean, the top gainer on the S&P 500, reported strong fourth-quarter profits and improved guidance for the year ahead.
Robust earnings from industrial and defense company RTX sent shares higher.
Moderna continued its aggressive rebound from multiyear lows.
General Motors was a lowlight on the tape, plunging after its 2025 outlook failed to impress analysts, in part because it does not assume any new disruptions from tariffs or changes to EV policies.
JetBlue crumbled, losing nearly a quarter of its value as the low-cost carrier isn’t showing enough progress in lowering costs.
