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Nasdaq Stages Recovery Despite Semiconductor Selloff and AI Investment Fears
['Trader Edge']
MoneyCheck
Key TakeawaysMajor indexes showed resilience Tuesday with the Nasdaq closing essentially unchanged, the S&P 500 advancing 0.3%, and the Dow climbing 1%.
Global semiconductor weakness triggered by South Korea’s KOSPI plummeting approximately 10% pressured US chip manufacturers amid AI spending debates.
The Dow Jones Industrial Average climbed approximately 1%, while the S&P 500 added roughly 0.3%.
Market participants are increasingly wary of Chinese AI developers closing the technological advantage gap with American companies, creating additional headwinds for AI-focused investments.
By session end, the Dow stood at 52,863, the S&P 500 reached 7,444, and the Nasdaq settled at 24,956.