NEW YORK (AP) — Most of Wall Street is rising Tuesday, even as stocks of computer chipmakers continue to tumble worldwide. Oil prices, meanwhile, are easing further from the two-month high they hit last week.
The S&P 500 rose 0.3% in afternoon trading, but the modest move masked big swings underneath the surface. The Dow Jones Industrial Average was up 628 points, or 1.2%, as of 1:39 p.m. Eastern time. The Nasdaq composite, which is full of AI stocks, was mostly unchanged after briefly dropping 9.3% below its record set last month.
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