Newscasts - Wall Street bounces back, ending higher on renewed tech vigor

FactSet Research Systems

24/02/2026 23:58

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Source: 'Reuters - Business videos'

Description: Wall Street closed higher on Tuesday, with tech stocks leading the charge as renewed enthusiasm for artificial intelligence offset concerns over potential disruptions caused by the nascent technology. Lisa Bernhard has more.

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Video Transcript:

Wall Street's main indexes closed higher on Tuesday, with the Dow and S&P 500 each adding about 0.75%, and the NASDAQ climbing 1%. Tech stocks led the charge as renewed enthusiasm for AI offset concerns over its potential disruptions. Speculation over AI's possible impact on a variety of sectors has prompted oversized stock moves in recent weeks, with Monday's steep declines the latest example of on-again, off-again risk appetite. Mike Mussio is President of FBB Capital Partners.

So, markets are seeing a relief rally on a pretty ugly day yesterday. We're getting a little bit of a bounce today on some deal news in terms of a big deal with Meta and AMD. And then also Anthropic is indicating that some of the plug-in features and partnerships with some of these software companies and data technology, data service companies, that maybe had been left for dead by the stock market, are getting a bounce on some of these potential deals that are coming through.

Anthropic said its new plug-ins were developed jointly with partners, among them Salesforce, FactSet, and Thomson Reuters, which owns the Reuters News agency. Shares of FactSet rose about 6%, while US-listed shares of Thomson Reuters jumped 11.5%. And Salesforce gained about 4%. As for the AMD deal, the company announced it would sell up to $60 billion in AI chips to Meta Platforms over the next five years and allow the Facebook parent to buy as much as 10% of the chipmaker. AMD's shares rose more than 8%, while Meta inched slightly higher. And shares of Keysight Technologies jumped roughly 23% after the electronic equipment maker forecast second-quarter profit ahead of Wall Street estimates.