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S&P 500 Erases 2025 Losses as Tech Rebound Led by Nvidia Surge
S&P 500 Erases 2025 Losses as Tech Rebound Led by Nvidia Surge
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The S&P 500 climbed 1% on Tuesday, fully recovering its 2025 losses as investors celebrated favorable developments in technology, trade, and inflation. The Nasdaq Composite surged 1.6%, while the Dow Jones Industrial Average dropped 0.64%, dragged down by an 18% plunge in UnitedHealth shares following its CEO’s resignation and suspended guidance.
Nvidia’s 6% gain propelled the rally, crossing a $3 trillion market cap after securing a deal to ship 18,000 AI chips to Saudi Arabia. Broadcom and AMD rose 4% each, buoyed by renewed global demand and Optimism around artificial intelligence.
A softer-than-expected Consumer Price Index reading for April added momentum, with inflation rising 2.3% year-over-year, slightly below economist forecasts.
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