Market Recovery Amid DeepSeek Concerns

Investors shifted their focus from the initial market upheaval caused by the debut of Chinese start-up DeepSeek to more positive indicators. The day was marked by significant data releases on housing prices, durable goods, and consumer confidence, setting a hopeful tone for the upcoming tech earnings reports.

Indexes Close Higher

At the closing bell, Wall Street saw major indexes trading in the green. The Dow Jones Industrial Average gained 0.31%, with NVIDIA leading the charge by jumping 8.82%. The Nasdaq 100 increased by 1.59%, buoyed by a 9.35% surge in CrowdStrike Holdings. Meanwhile, the S&P 500 went up 0.92%, driven by an impressive 12% rise in Royal Caribbean Group shares.

Currency Movements

In currency markets, the euro traded 0.54% lower against the dollar, settling at 1.04319 by 3:59 pm ET.