Market Snapshot: Dow falls about 500 points, tech outperforms as dollar rallies to 19-year high

Market Snapshot

Falling oil prices helped bolster appetite for inflation-sensitive tech stocks

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U.S. stocks end mostly higher, bouncing off the session’s worst levels Tuesday, after investors return after the Independence Day holiday.

Yuki Iwamura/Agence France-Presse/Getty Images

U.S. stocks eked out gains on Tuesday as investors’ appetite for risk suddenly reversed about halfway through the session, sparking a tech-led rebound that helped two of the three main U.S. benchmarks close higher.

The Nasdaq Composite clinched the largest gain, while the S&P 500 finished slightly higher after spending most of the session in the red. The Dow Jones Industrial Average finished lower, but managed to claw back most of its losses from earlier in the session.

What happened


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