Apple, Microsoft, and Nvidia gains offset declines in utilities and healthcare, highlighting sector divergence in Tuesday’s session.
The S&P 500 rose on Tuesday, propelled by a 2.7% jump in Apple and a 1.2% gain in Microsoft, as the information technology sector rebounded sharply. Nvidia also contributed to the rally, though broader market strength was uneven, with defensive sectors like utilities and healthcare underperforming.
The tech-driven advance contrasted with weakness in traditionally stable sectors, reflecting investor rotation amid shifting economic expectations. Prior sessions had seen mixed performance, with tech stocks recovering from recent volatility while defensive groups faced pressure from rising bond yields.
The divergence underscored market caution, as traders weighed the durability of the tech rally against broader macroeconomic uncertainties.