The Dow Jones Industrials strengthened 204.45 points to 38,994.88.
The S&P 500 index inched up 2.12 points to 5,151.54.
The NASDAQ remained negative 46.23 points to 16,057.92.
Chip darling Nvidia pulled back 1.5% as investors evaluated the news from its first-ever GTC Conference. CEO Jensen Huang unveiled Nvidia’s latest AI chip, labeled Blackwell, which he touted as a significantly more powerful successor to its chips that power a multitude of AI operations. The stock had rallied more than 78% year to date heading into the event, possibly enticing investors to book some profits following the news.
Super Micro Computer, a primary vendor for building out Nvidia’s AI servers, dropped more than 10.5% on news of a share offering. Shares have ripped more than 250% higher this year on AI enthusiasm, leading the stock to be added to the S&P 500 on Monday.
In another sign that the recent bull run could be slowing down, bitcoin proxy MicroStrategy dropped more than 11.5%. The stock had more than doubled in 2024 as bitcoin surged to record highs.
Prices for the 10-year Treasury gained ground, lowering yields to 4.31% from Monday’s 4.33%. Treasury prices and yields move in opposite directions.
Oil prices picked up a dollar to $83.72 U.S. a barrel.
Gold prices dropped $7.20 to $2,157.100.