S&P 500 And Nasdaq Recover From AI Rout On Election Day

Stock futures showed a strong recovery on Tuesday as major indices climbed following earlier volatility tied to artificial intelligence themes. The S&P 500 closed 0.4% higher at 7,568.92 while the Nasdaq 100 rose 0.7% to reach 28,180.26. Key technology stocks led this rebound with Meta Platforms set to raise $15 billion from a new bond sale and AMD reporting earnings that beat expectations alongside strong revenue forecasts for 2027. Semiconductor ETFs surged between 2% and 2.5%, driven by gains in Nvidia, Micron Technology, Broadcom, and other chipmakers amid renewed investor interest following the AI sector rout earlier in the week.