By @detroitnews
Publication Date: 2026-02-17 14:40:00
Updated Feb. 17, 2026, 2:53 p.m. ET
U.S. stocks posted modest gains on Tuesday, as technology shares rebounded from earlier lows and financial stocks also provided support.
After dropping as much as 1.5% at its lows of the session, the S&P 500 information technology sector pared declines and was up about 1% as gains in Nvidia and Apple overcame declines in Microsoft and Oracle .
Worries about artificial intelligence disrupting business models had sparked a selloff in software firms, brokerages and trucking companies the previous week, causing Wall Street’s three main indexes to register their biggest weekly decline since mid-November.
“There’s a lot of different trends going on in terms of where investors want to put money right now and you see that in this market where you just see spikes up and spikes down, on maybe not a daily basis, but on a regular basis,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
“The market is looking very short-term here and there will be a return to AI plays being very much in favor.” Potential risks from Chinese AI players exacerbated the uncertainty. On Monday, Alibaba unveiled a new AI model, Qwen 3.5, designed to independently execute complex tasks.
Even with the rebound in technology names, software stocks remained under pressure, with the S&P 500 software index down 1.6%. CrowdStrike declined 4.4% and Intuit dropped 5.4%.
The Dow Jones Industrial Average rose 154.41 points, or 0.31%, to 49,655.03, the S&P 500…
