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Barchart
Barchart
Rich Asplund

Stocks Settle Higher as AI Disruption Fears Ease

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.77%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.76%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.09%.  March E-mini S&P futures (ESH26) rose +0.76%, and March E-mini Nasdaq futures (NQH26) rose +1.08%.

Stock indexes settled higher on Tuesday, recovering some of Monday’s sharp losses.  A rebound in software companies and chipmakers on Tuesday from Monday’s rout lifted the broader market.  Software and chipmakers moved higher Tuesday after AI startup Anthropic PBC emphasized partnerships with companies and said its new AI tools for its Claude Cowork agent software are to integrate rather than displace existing systems.

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