Wall Street rebounds from lows as upbeat earnings, falling oil prices lift sentiment; Micron, Intel up 2%
New Delhi, Oct. 20 -- The US stock market rebounded from opening losses in Tuesday's trade as a series of upbeat earnings reports and a retreat in crude oil prices overshadowed recent pressure on artificial intelligence (AI)-related stocks.
The blue-chip Dow Jones Industrial Average rebounded 1.5% from the day's low, while the S&P 500 recovered 1%. The Nasdaq Composite climbed 1.6% from the day's low. Among individual stocks, 3M rallied 4% after the industrial and safety products maker reported results that exceeded Wall Street estimates.
The market has been under pressure recently amid concerns about the sustainability of the AI trade, as worries over debt and demand have grown. Adding to these concerns, data centre infrastructure comp...
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