US stocks eyed a rebound on Tuesday following a three-day rout that wiped a healthy chunk of 2024's market gains. The tech-heavy Nasdaq Composite led the day's gains, opening around 0.6% higher. The benchmark S&P 500 followed suit, inching up about 0.5% while the Dow Jones Industrial Average hugged the flatline.
On Tuesday, it fell back to earth, to levels seen often in 2022. Some of the market's biggest names also were aiming for a rejuvenation. The "Magnificent 7" stocks lost more than $650 billion in market cap on Monday. On Tuesday, that looked set to change. Nvidia , which led the way down, rose over 3% before the market open. Tesla , Microsoft , and Meta all rose more than 1%. Cryptocurrencies, which weren't spared from the rout, also rose in tandem with the optimism.
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