The Dow Jones Industrials was again negative 85.29 points to 32,160.41.
The S&P 500 stayed above water 9.81 points to 4,001.05.
The NASDAQ Composite surged 114.42 points, or 1%, to 11,737.67.
Beaten-up technology stocks like Microsoft, Intel, Salesforce and Apple led Tuesday’s gains, rising about 2% each and leading the tech-heavy NASDAQ higher.
The sector has suffered some of the biggest losses in recent weeks as investors moved out of growth areas and into safe havens like consumer staples and utilities amid recessionary fears.
Meanwhile, IBM slipped 4% and Home Depot, 3M and JPMorgan Chase each alid about 2%, dragging the Dow Industrial Average into the red.
The technology sector has suffered some of the biggest losses in recent weeks as investors moved out of growth areas and into safe havens like consumer staples and utilities amid recessionary fears.
On the earnings front, Peloton Interactive plummeted 8.7% after reporting a wider-than-expected loss in the recent quarter. AMC’s stock dropped 5.4% on the back of recent quarterly earnings.
Investors are looking ahead to earnings from Coinbase, Roblox and RealReal after the bell and are awaiting April CPI data on Wednesday which is expected to come in slightly below March’s 8.5% and could signal that inflation has reached a peak.
Treasury prices progressed, with yields dropping to 3% from Monday’s 3.03%. Treasury prices and yields move in opposite directions.
Oil prices slumbered $3.54 to $99.55 U.S. a barrel.
Gold prices crumbled $22.60 to $1,836.00 U.S. an ounce.