Stock Market Sees a Bounce Back

The stock market had a good day on Tuesday. The Dow Jones Industrial Average went up by 559 points. This was a big jump, and it even set a new record. The S&P 500 also did well, adding 0. 2% to its value. It was a bit shaky in the morning but recovered later. Not all stocks did well, though. The Nasdaq composite went down by 0. 3%. One big reason was Nvidia, a tech company that has been very popular because of AI. Nvidia's stock dropped by 3%. This was a big deal because Nvidia is one of the most important stocks in the market. Some companies did really well. Paramount Skydance, which makes movies and TV shows, went up by 9. 8%. Even though it didn't make as much money as people expected, investors liked that the company plans to cut costs by $3 billion. FedEx also had a good day, going up by 5. 4%. The delivery company said it expects to make more money during the holiday season.The market is still worried about AI stocks. They have gone up a lot, and some people think they might be too expensive. This reminds some of the dot-com bubble in 2000, which ended badly. SoftBank, a big investor in Nvidia, sold all its shares in the company for $5. 83 billion. But SoftBank is still interested in AI and is focusing on OpenAI, the company behind ChatGPT. Other companies had mixed results. CoreWeave, which helps with AI workloads, went down by 16. 3%. Even though it made more money than expected, investors were worried about delays in building a new data center. BigBear. ai, another AI company, went up by 6. 1%. It reported good results and plans to buy another AI platform for $250 million. The stock market is also watching what the Federal Reserve will do. The Fed has cut interest rates twice this year to help the economy. But inflation is still high, and the government shutdown has made it hard to get important economic data. Traders think there's a good chance the Fed will cut interest rates again in December.