US stocks rebounded intraday Tuesday from a technology-led selloff the prior session as markets assessed the latest economic data.

The Nasdaq Composite was up 1.9% at 19,701.6 after midday, while the S&P 500 rose 0.9% to 6,067.3. Both equity indexes closed sharply lower on Monday amid potential artificial intelligence competition from Chinese startup DeepSeek.

The Dow Jones Industrial Average was up 0.4% at 44,899.5 intraday Tuesday. Among sectors, technology led the gainers, followed by communication services. Utilities saw the steepest decline.

In company news, Nvidia (NVDA) shares were up 6.6%, the best performer on the Dow and among the best on the Nasdaq, following a nearly 17% decline on Monday. Tech giants Apple (AAPL) and Microsoft (MSFT) were among the top gainers on the Dow.

In economic news, US home prices increased to a new record in November as annual growth accelerated, S&P Global (SPGI) division S&P Dow Jones Indices said.

Separately, the Federal Housing Finance Agency said home prices increased 0.3% on a seasonally adjusted basis in November, compared with October's upwardly revised 0.5% growth. The latest reading matched the consensus in a survey compiled by Bloomberg.

US consumer confidence dropped 5.4 points to 104.1 in January, the Conference Board said.

"Views of current labor market conditions fell for the first time since September, while assessments of business conditions weakened for the second month in a row," Conference Board Chief Economist Dana Peterson said.

US durable goods orders unexpectedly fell in December amid a plunge in nondefense aircraft, government data showed.

The US 10-year yield rose 2.7 basis points to 4.56% intraday, while the two-year rate gained 1.7 basis points to 4.21%.

The Fed's meeting kicks off Tuesday, with a decision on interest rates due Wednesday. Markets widely expect the central bank's Federal Open Market Committee to hold rates steady, according to the CME FedWatch tool.

"The Fed is likely to focus on the elevated and uncertain pathway of price pressures and the reduced risk of weakness in the labor market as justification to pause further policy adjustments, at least for now, as the committee continues to assess the incoming data and impact of fiscal policy," Stifel said in a Tuesday note to clients.

West Texas Intermediate crude oil ticked 0.1% lower to $73.13 a barrel intraday.

Royal Caribbean Group (RCL) was the best performer on the S&P 500 intraday Tuesday, up nearly 14%. The company issued an upbeat full-year earnings outlook after delivering a fourth-quarter beat.

General Motors (GM) outlined a strong bottom-line outlook for the full year as the automaker's fourth-quarter results topped market expectations. Its shares were down 8.8% intraday, the steepest decline on the S&P 500.

JetBlue Airways' (JBLU) fourth-quarter results came in better than expected, while the airline said it expects operating expenses to continue growing this year. The company's shares sank roughly 28%.

Gold was up 1.1% at $2,767.10 per troy ounce, while silver increased 1.6% to $30.90 per ounce.