The S&P 500 Index
The broader market index jumped over 0.6% to settle at 6,944.82 after notching an intra-day high on Tuesday. The Dow also climbed nearly 500 points to close at 49,462.08, marking its first time ending a trading session north of 49,000. The tech-heavy Nasdaq Composite
Semiconductor stocks have seen notable gains at the start of the year, with Micron Technology
Nvidia (NADSAQ: NVDA) also entered market headlines on Tuesday after the chipmaker announced late Monday that it is working with leading robotaxi companies in effort to implement its AI chips and Drive AV software as soon as 2027.
"We imagine that someday, a billion cars on the road will all be autonomous," CEO Jenson Huang said during Nvidia's launch event at the CES 2026 conference on Monday. "You could either have it be a robotaxi that you're orchestrating and renting from somebody, or you could own it."
Tesla
On the economic front, service-sector activity declined in December, the S&P Global reported Tuesday, falling to its slowest pace in eight months. Headline services PMI decreased to 52.2 from 54.1 in November, as a drop in new business inflows impacted confidence.
However, readings above the neural level of 50 indicate sector growth.
"Business activity continued to expand in December, rounding off another quarter of robust growth, but the resilience of the U.S. economy is showing signs of cracking," said Chris Williamson, chief business economist at S&P Global Market Intelligence, in a statement.
"Confidence has been dampened principally by uncertainty over government policy and the broader economic outlook, with tariffs and affordability featuring as common threads throughout companies' more cautious views on their prospects," he added.
Elsewhere, Meta Platforms
Meta said it will pause the product's launch in France, Italy and Canada this year as it works to fulfill its U.S. waitlist, which "now extend[s] well into 2026," according to a blogpost.
Ford Motor
For Wednesday, market participants can expect fresh labor market data alongside more services readings as Wall Street continues its first trading week of 2026.
