STORY: U.S. stocks ended mixed on Tuesday, with the Nasdaq rallying thanks to a rebound in shares of Nvidia.
The Dow dropped three-quarters of a percent, the S&P 500 gained four-tenths of a percent and the Nasdaq climbed one-and-a-quarter percent.
After a three-session sell-off, AI chip leader Nvidia bounced back with a gain of more than 6.5%.
That helped turn the tables for the major stock indexes a day after the Dow closed at a one-month high, while the S&P 500 and Nasdaq both slid.
George Cipolloni is portfolio manager at Penn Mutual Asset Management.
“If you look at the markets, the markets are an exact reversal of what happened yesterday. And, actually, the prior few days, we had actually had some hope because value stocks had started to do better again. Energy names, for example, financial names had done better than even tech. And so what we’re seeing today is a complete reversal of that. All year has been a growth (stocks)…
