Tech stocks are rebounding on Wall Street, lifting the Nasdaq while the Dow Jones Industrial Average slides.
The Nasdaq was up 1.2% in early trading, led by AI-linked names including AMD, SanDisk and Nvidia. The Dow fell 1% at the open, dragged down by old-economy stocks such as Nike, Walmart and McDonald's. The gain follows yesterday's bruising market selloff, when the Nasdaq slumped 5.5% and the Dow dropped 3.44%.