Major U.S. stock indexes mostly rose on Tuesday. The end of the decline in Nvidia shares gave the S&P 500 and Nasdaq a boost, lifting them 0.39% and 1.28%, respectively, Business Insider writes. The Dow Jones lost 0.76%.

Shares of the AI chip leader rose nearly 7%, rebounding from a decline that caused it to lose $431 billion in market capitalization in a matter of days. Analysts attributed the sell-off to profit taking after a strong rise in 2024.

Other tech giants also followed Nvidia's lead, with shares of Amazon, Google and Meta all rising. At the same time, the consumer confidence report released yesterday showed a slight decline.

Investors are waiting for the publication of data on personal consumer spending on Friday, which will help determine the level of inflation in the U.S. and the course of future monetary policy. Now the regulator's tone has taken a hawkish character - Michelle Bowman, a member of the Fed's Board of Directors, announced the possibility of a new rate hike.