Market Rebound Underway
The tech sector is experiencing a resurgence, with the Nasdaq Composite leading the charge. As the morning progresses, the index is gaining momentum, up 1% as of 10:50 a.m. ET, building on its initial modest gains. The S&P 500 is also on the rise, posting a 0.6% increase.
Dow Continues to Climb
Meanwhile, the Dow is extending its Monday gains, adding another 250 points, or 0.6%, to its tally. This upward trend is notable, considering the Dow was less affected by the DeepSeek selloff, which primarily impacted independent utility and chip stocks.
DeepSeek Fallout Continues to Unfold
Wall Street is closely monitoring the ongoing fallout from DeepSeek, a Chinese AI program that sent shockwaves through the tech industry on Monday. As investors and analysts alike struggle to keep pace with the rapidly evolving situation, one thing is clear: the market is determined to bounce back.
A New Day, A Fresh Start
Today’s rebound is a testament to the market’s resilience, as investors seek to capitalize on yesterday’s losses. With the Nasdaq Composite, S&P 500, and Dow all trending upward, it’s clear that the market is poised for a comeback. As the day unfolds, one thing is certain: all eyes will remain fixed on the ongoing DeepSeek saga.
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