The broad market index and the Nasdaq Composite snapped a three-day losing streak on Tuesday.
Nvidia's jump of nearly 7% on Tuesday also marked its first positive session after three days of losses. The artificial intelligence darling's market cap gives it tremendous sway over the S&P 500, and its 154% surge in 2024 has raised concerns over a lack of breadth in this year's rally.
"We still think its too early to write off the rest of the market in favor of the large cap tech and Nvidia especially," Bespoke Investment Group co-founder Paul Hickey told CNBC's"" on Tuesday."We look for the market to broaden out, but its not necessarily a binary choice between megacaps and smaller caps, but more bias going forward to looking at these other companies in the S&P 500.
Stock futures were little changed on Tuesday, following the S&P 500's rebound from a three-session slide. Futures tied to the broad market index ticked down 0.06%. Nasdaq 100 futures pulled back 0.02%, while Dow Jones Industrial Average futures slipped 62 points, or 0.1%.25-year-old turned down Yale for a state school in 2017—now she makes $90,000 a year and has ‘no regrets'
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