Stocks rebounded on tech rally after DeepSeek fear, with Dow, S&P, Nasdaq all rising.

From Nasdaq: 2025-01-29 09:28:00

U.S. stocks rebounded on Tuesday, with the S&P and Nasdaq recovering most losses from the previous session triggered by Chinese AI startup DeepSeek. The Dow Jones gained 0.3%, S&P 500 rose 0.9%, and Nasdaq surged 2%. Tech stocks led the rally, with NVIDIA bouncing back 9% after Monday’s plunge.

The fear-gauge VIX dropped 8.32% to 16.41. Decliners slightly outnumbered advancers. DeepSeek’s emergence challenged U.S. AI dominance, sparking fears in the tech sector. However, tech stocks rebounded on Tuesday, easing some concerns. Broadcom and Oracle shares rose, with tech giants reporting quarterly results this week.

U.S. consumer confidence declined to 104.1 in January, lower than the consensus estimate. The S&P CoreLogic Case-Shiller U.S. National Home Price Index reported a 3.8% rise in home prices. Durable goods orders fell 2.2% in December, exceeding expectations. Economic data showed mixed signals in different sectors.

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Read more at Nasdaq: Stock Market News for Jan 29, 2025