Nasdaq Marks Biggest Daily Comeback Since April as Wall Street Buys the Tech Dip

Core Points - The Nasdaq experienced its largest intraday comeback since April, driven by Wall Street's buying of technology and artificial intelligence stocks [1] - The Nasdaq Composite rose by 0.1%, while the Dow Jones Industrial Average fell by 309 points, or 0.7%, and the S&P 500 was down 0.1% [2] - At one point, the Nasdaq was down 1.9% before reversing course, marking a significant recovery from its intraday low [3] Market Performance - The Nasdaq Composite's recovery highlights investor confidence in tech stocks despite recent sell-offs [1][3] - The Dow Jones Industrial Average's decline indicates broader market challenges, contrasting with the Nasdaq's performance [2] - The S&P 500's fluctuation, which saw it down 1.3% at its low before recovering, reflects volatility in the market [3] Treasury Yields - The yield on the 2-year Treasury note increased to 3.61%, while the 10-year yield rose to 4.15%, indicating rising interest rates [2]