Stock market today: Nvidia rebound fuels Nasdaq rally as Dow falls 300 points

US stocks closed mixed on Tuesday, pulled in opposite directions by the Nasdaq and the Dow, as AI chipmaker Nvidia rebounded from a three-day skid to surge nearly 7%. The tech-heavy Nasdaq Composite finished the day up roughly 1.3%, while the benchmark S&P 500 rose around 0.4%. The Dow Jones Industrial Average remained the only major index in the red, slipping 0.8%, or about 300 points, after a surge to start the week.

Elsewhere, the wait is on for Friday's update to the Personal Consumption Expenditures index, a favored inflation input for the Federal Reserve. Governor Michelle Bowman on Tuesday stressed she's willing to hike interest rates if holding them steady fails to bring price pressures under control. On the economic data front, home prices set a new record high in April although annual growth slowed from the previous month, according to the S&P CoreLogic Case-Shiller report.

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Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
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Stock market today: Nasdaq jumps as Nvidia turns a cornerStocks are hoping to add a punchline to what's been a high-flying quarter thus far.
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Stock market today: Nasdaq set for gains as Nvidia turns a cornerStocks are hoping to add a punchline to what's been a high-flying quarter thus far.
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Stock market today: Nvidia slump pressures Nasdaq as stocks mixed to start last week of Q2Stocks are hoping to add a punchline to what's been a high-flying quarter thus far.
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Stock market today: S&P 500, Nasdaq slip from records as Nvidia dipsNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
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Stock market today: S&P 500, Nasdaq jump as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
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