US stocks rallied on Tuesday and the dollar fell on positive economic data. This has eased recession fears and rekindled investors' risk appetite. All three major US stock indexes closed in positive territory. Tech-related capitalization stocks - especially those related to the nascent AI craze - boosted the Nasdaq 1.8%, the biggest single-day percentage gain in a month.
The market increased 2.3 points (0.2%) to close at 1,134.33 points, foreign investors net sold more than 450 billion. The scenario of bottom-fishing and recovering took place in the afternoon session, but the thrust in the pillar group was too weak. The market's largest cap stocks did not participate in this recovery, making the gain very limited.
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