U.S. stocks pared early losses on Tuesday, with the S&P 500 recovering from its lowest point since mid-October. The Russell 2000 index turned positive, indicating a shift from mega-cap tech stocks to small caps and cyclicals. This market rotation was bolstered by Alphabet's Gemini 3 launch, Meta's legal victory, and updates on China's U.S. farm purchases.
Despite the broader market recovery, major tech companies faced declines. Amazon, Microsoft, and UnitedHealth saw their shares drop between 2.5% and 3.6%. Payment giants Visa and Mastercard also experienced declines of 1.6% and 1.8%, respectively. Nvidia's stock fell 1.2% ahead of its upcoming earnings report.
U.S. Stocks Recover as Market Shifts to Small Caps and Cyclicals
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