Tech companies drove US stocks higher on Tuesday, as investors granted the software industry a reprieve after weeks of selling on fears that AI would decimate the sector.
The S&P 500 ended the day up 0.8 per cent with the S&P tech sub-index up 1.2 per cent. The S&P software index rose 1.8 per cent but remains down by nearly 24 per cent on the year.
Software stocks have been hammered in recent weeks as investors have fled sectors seen as vulnerable to disruption from AI and sought out businesses with tangible assets. Utilities, energy and materials stocks have all emerged as winners from the AI anxiety gripping Wall Street.
您已阅读18%（628字），剩余82%（2836字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。