A rebound for Nvidia propped up a weakened Wall Street and kept U.S. stock indexes close to their records.
The S&P 500 rose 0.4 percent Tuesday and neared its all-time high set a week earlier. The Nasdaq composite leaped 1.3 percent for its first gain in four days. Such strength came even as the majority of stocks on Wall Street outside artificial-intelligence winners fell. The Dow Jones Industrial Average, which doesn’t include Nvidia among its members, was a laggard and slumped 0.8 percent.
Treasury yields were relatively steady after a report showed consumer confidence is a touch better than expected.
On Tuesday:
The S&P 500 rose 21.43 points, or 0.4 percent, to 5,469.30.
The Dow Jones Industrial Average fell 299.05 points, or 0.8 percent, to 39,112.16.
The Nasdaq composite rose 220.84 points, or 1.3 percent, to 17,717.65.
The Russell 2000 index of smaller companies fell 8.47 points, or 0.4 percent, to 2,022.35.
For the year:
The S&P 500 is up 4.68 points, or 0.1 percent.
The Dow is down 38.17 points, or 0.1 percent.
The Nasdaq is up 28.29 points, or 0.2 percent.
The Russell 2000 is up 0.31 points, or less than 0.1 percent.
For the year:
The S&P 500 is up 699.47 points, or 14.7 percent.
The Dow is up 1,422.62 points, or 3.8 percent.
The Nasdaq is up 2,706.30 points, or 18 percent.
The Russell 2000 is down 4.73 points, or 0.2 percent.
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