The three major U.S. stock averages fluctuated near the flatline on Tuesday, following a sharp sell-off on Monday fueled by concerns over America's AI leadership amid rising competition from China's DeepSeek.
US stocks waver after opening
Nvidia shares edged up about 1%, partially rebounding from Monday's massive 16.9% drop, which erased nearly $600 billion in market value—the largest single-day loss for a U.S. company in history. Technology and communication services led sector gains, while utilities and consumer discretionary stocks lagged. Earnings reports remained in the spotlight, with Boeing shares climbing over 5% despite earnings and revenue misses, as the CEO outlined a recovery plan.
Lockheed Martin drops
Meanwhile, Lockheed Martin tumbled around 5% after disappointing Q4 revenue and FY 2025 EPS guidance. Starbucks is also set to report its quarterly results today. Investors are closely monitoring the Federal Reserve, which kicks off its two-day policy meeting later today.
