Technology stocks are staging a comeback. Time to buy the dip?
The Nasdaq Composite was rising 0.4% as of 2:10 p.m. Eastern time, rebounding from a 2.1% slump at its session low in morning action. If it closes higher, that would mark the largest intraday comeback for the tech-heavy index since July 2022, according to Dow Jones Market Data.
However, the broader stock market was still under pressure on Tuesday afternoon amid concerns that President Donald Trump’s tariffs, and retaliation from some of the U.S.’s trading partners, will weigh on economic growth.