US Equities Markets Rebound Tuesday After Tech Slump

MT Newswires Live
01-29

US benchmark equity indexes rose Tuesday, rebounding a day after a technology-led sell-off as traders evaluated the latest economic data.

* US home prices increased to a 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.

* New orders for US durable goods fell 2.2% in December after a decrease of 2% in the previous month, compared with expectations for a 0.6% increase in a survey compiled by Bloomberg. Excluding a 7.4% drop in transportation orders, new orders would have been up 0.3% in December, as expected, following a 0.2% decrease in November.

* March West Texas Intermediate crude oil closed up $0.77 to settle at $73.94 per barrel, while March Brent crude, the global benchmark, was last seen up $0.53 to $77.6. Protesters in Libya prevented tankers from loading at the country's two major ports, Reuters reported.

* Bets against Nvidia (NVDA) amid a surge in interest for Chinese artificial intelligence app DeepSeek yielded one-day gains of about $6.6 billion for short sellers, Reuters reported, citing data analytics firm Ortex. Shares of Nvidia rose 8.8% Tuesday after Monday's plunge.

* JetBlue Airways' (JBLU) Q4 non-GAAP loss widened from a year earlier, and the airline expects operating expenses to continue increasing this year. The shares tumbled 26%.

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